The run in emerging markets, is no doubt, just getting started. While there might be a pull-back, short-term, I think it’s worth hitting some EWZ and/or some 2011 $50 strikes….while selling front months, of course. Does anybody really hold equity, without selling front months?
I’m going to put this trade on, on Monday.
I like brazil because of their energy reserves…but a little worried about how much water they waste. Only 2nd to China, in terms on Non-revenue water levels.