RIO DE JANEIRO, BRAZIL - The last few days brought bad news for stock markets around the world. As could not be otherwise in a highly globalized capital market, the impact was repeated in Brazil, even with the privatization of Eletrobras, the largest sale of shares in the country in a decade.
The Ibovespa index closed down for eight straight days until Tuesday, June 14th, with some recovery the following day. Such a disaster for investors . . .