Quotes by Marcos Basaglia

“Its all falling apart today. Everything started with the Nasdaq, and then one thing pushed down another.”

“People are still worrying over the Argentina situation.”

“The market is scared with the embezzlement scandal. Volume was ridiculously small. If it continues like that tomorrow, the market may tumble.”

“But for that, prices must fall lower to become attractive for the funds.”

“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.”

“This is a technical adjustment; its too soon to talk of optimism. Some stocks showed healthy gains but they were the ones that lost out most.”

“If the government does not have a majority (in Congress), getting its tax objectives and other measures approved would not be so easy.”

“No one really expected a lower rate. Its just that, in the absence of good news, a flat rate added to the profit taking.”

“The markets climate was totally euphoric. Its nice and easy trading in such a market.”

“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.”