John Carioba
John Carioba
basic brings consequences government nobody reason wants
Nobody wants government paper, here or abroad. The basic reason for that is the 'Lula is coming!' panic, which brings other consequences such as speculation and liquidity problems.
depressed markets prices
We've got all markets going up. Prices were pretty depressed in Brazil.
prospects short
There are not many prospects in the short term.
fell liked
We liked it ... it fell on the fact.
direction guess high monday options short
On Monday you have the options expiration and you're going to see very high volume. After that, my guess is it's going to be flat. I don't see any direction in the short term.
brought news
Many say it was the Argentine news that brought us down.
afraid people
I think a lot of people are still afraid about what could happen.
good people saying share though
Some people are saying that they are still a good buy, even though they may not like the share swap offer.
fearful outlook people
People are fearful of the outlook in general.
afraid people
People are afraid of what could come out politically.
hard low reason short term
We're in hard times with low volume. In the short term there's no reason it will get any better.
books buying close companies fiscal last month session today trading year
Trading here today was very volatile, as it was in New York. It was the last session of the month and quarter, when many companies close their fiscal year books doing corresponding buying or selling.
ball caused highs involved later people prepared recent rumors scandal sell
The day started well, but later all those rumors about important people involved in a scandal caused a lot of nervousness. Many people had been already prepared to sell after recent highs and the ball rolled.
interest low volume
But volume is low and there isn't much interest around unfortunately.