Gabriel Jafet Quotations

There are expectations that the Fed will cut rates, which may allow Brazil's Central Bank to do the same.

I think the move is due mostly to the closing of the month and first half, which is a bit artificial.

You just take one peek at what's going on in overseas markets and you'll feel like selling here. The market is full of sellers.

Turnover is pretty meager for such a rally. Even the rise is not attracting investors.

The rate hike itself was in line with expectations, though the text warning of inflation was a bit worrying.

On top of everything, there are lots of rumors on Argentina, which depress the market a lot.

It was the most remarkable news of the day.

It looks like the market is operating independently of Wall Street today. It is a normal fight between bulls and bears ahead of the options redemption.

Everyone is waiting for Wednesday, and it looks like the futures market bears have used the wait-and-see mood to sell a bit and play downwards.

The market was very nervous in the last minutes as (the tech-heavy U.S.) Nasdaq dove sharply. It was pure Nasdaq influence - nothing else.

The market was really just accompanying Wall Street. The ongoing uncertainty over U.S. interest rates was making investors reluctant, especially with Greenspan speaking near the close.

The market was dead almost all day, but at the end some people appeared to believe that tomorrow interest rates will be lower and the political situation will improve.

The market moved up and down during the day jointly with the U.S. stocks. Electric utilities are on the rise as investors think telecoms have reached levels where they become expensive and relocate money into electrics.

The market seems to be tied more to the Dow nowadays than it is to Nasdaq and brokers seemed to have used this small decline there as a pretext to sell and make some profit.

The market is optimistic about next year and some operators are buying now in advance, expecting rises in early January.