Andre Caminada Market Quotations

Trading was nervous today; turnover improved a lot. The market is talking a lot about changes in the main index. Many say that some big companies may lose some weighing.

The third quarter corporate results are very good this time, which so far found very little reflection in stock prices. Stocks are cheap and people are buying in a calmer market to fill year-end portfolios.

Although no serious figures on the results of rationing should appear in the next month or two, the market is slightly less worried. The feeling is that, if there are no blackouts, rationing itself is already priced in.

It was a bit slow day with some room for profit-taking, and the market should continue in a slow mode for a while. The present level corresponds to the situation, and we don't see great rises or falls ahead.

The market was taking its cue from investors' mood outside. There was concern about the economic numbers that came out today.

The market is accumulating strength, watching oil prices and awaiting the U.S. Fed's rate meeting and Brazil's own rate decision. Until next week, investors may be just slightly reviewing their positions.