Uncertainty over Congress alliances is affecting the market. If it is not resolved -- if the president stays without allies there -- the market reaction may be quite strong.
More Quotes from Marcos Basaglia:
The rates prospects are giving courage to people. They want to buy one day before the market rises and many are betting that it will rise more tomorrow.Marcos Basaglia
The market is scared with the embezzlement scandal. Volume was ridiculously small. If it continues like that tomorrow, the market may tumble.
Marcos Basaglia
The problem is that all those shares had already risen enough. People who bought them now keep asking 'Why our stocks are not growing' - and they are not rising exactly because those people already bought them. The price is high.
Marcos Basaglia
When the market is low such news (rate cut) push up the stocks a great deal. But now, when the bourse is scraping its highs, it is hard to spark up more than a short-term trend.
Marcos Basaglia
If the government does not have a majority (in Congress), getting its tax objectives and other measures approved would not be so easy.
Marcos Basaglia
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