When the U.S. Treasury steps forward and the IMF steps forward to replace the flight of capital, there will be no need for the Brazilians to raise interest rates.
More Quotes from Joe Battipaglia:
Picking your own stocks is like trying to diagnose your health yourself.Joe Battipaglia
You need as much balance in your portfolio as possible.
Joe Battipaglia
Since May of last year, most investors have not enjoyed the fruits of a rising market. What I've got to see is smaller-cap, mid-cap and technologies start to take leadership Only then will I be happy that the market has carried on in a bull phase.
Joe Battipaglia
Any losses you took in 2005, that was then. Don't try to make up for last year's losses by getting more aggressive.
Joe Battipaglia
If the Fed's concern has been about the overall level of stock prices, and it has also been about the multiplier effect of wealth creation, then clearly having a correction like this may well lend itself to their deliberations of what they will do next. At the end of the day, they may well bring in that quarter of a point, but even that's in jeopardy now.
Joe Battipaglia
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