Markets around the world got back what they had oversold beyond the U.S. market. The market is very hurt.
More Quotes from Marcelo Porto:
Whatever analysis you make is premature.Marcelo Porto
Today our market walked most of the time on its own feet, with little foreign influence. The rise ended when the inflation index came out.
Marcelo Porto
The market has been a bit bearish. My bet is some funds are taking the opportunity to sell some stocks.
Marcelo Porto
The market is showing a good improvement. Some points of concern, including in the political sphere, have been left behind and now such things as a strong currency and falling interest rates start mattering again.
Marcelo Porto
This is more to do with profit-taking at the end of a week of extraordinary gains.
Marcelo Porto
The rise today was hardly explicable and I think the market is a bit dangerous. There's big room for a correction still and it might happen any time.
Marcelo Porto
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