The restructuring is expected to benefit CSN more than anyone else.
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.
Now everybody is wondering whether ours will lower as well.
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.
We're in hard times with low volume. In the short term there's no reason it will get any better.
The numbers showed the U.S. economy isn't that heated.
We liked it ... it fell on the fact.
There are not many prospects in the short term.
It was a textbook situation, when you buy on rumor and sell on the fact.
On top of all the problems we have here with the energy crisis and Argentina and the dollar ... being very volatile, you have the Nasdaq and Dow Jones going down.