IBOV 175,739 ▼ 1.20% IPSA 10,928 ▼ 1.17% IPC MEX 65,973 ▼ 0.79% MERVAL 3,235,295 ▼ 1.37% COLCAP 2,307.67 — UNCH BVL PERÚ 56,917.82 ▼ 0.86% USD/BRL5.13▼ 0.12% USD/MXN17.51▼ 0.14% USD/CLP932.70▲ 0.85% USD/COP3,247▼ 0.49% USD/PEN3.40▼ 0.23% USD/ARS1,482▼ 0.07% USD/UYU40.22— 0.00% USD/PYG6,045▲ 1.22% USD/BOB10.35▲ 6.04% USD/DOP58.37▲ 0.49% USD/CRC448.53▲ 1.22% USD/GTQ7.62▲ 2.07% USD/HNL26.73▲ 0.04% USD/NIO36.62▲ 0.63% USD/VES722.19▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▲ 0.70% USD/TTD6.74▲ 1.05% EUR/BRL5.85▲ 0.48% BRENT 86.75 ▲ 4.14% WTI 80.52 ▲ 3.05% IRON ORE 161.91 — — COPPER 6.38 ▲ 2.29% GOLD 4,025 ▲ 0.70% SILVER 58.37 ▲ 1.28% SOY 1,192 ▼ 0.87% CORN 459.75 ▲ 5.03% WHEAT 637.00 ▲ 1.59% COFFEE 313.50 ▼ 8.17% SUGAR 14.82 ▲ 0.47% ORANGE JUICE 137.15 ▼ 7.24% COTTON 81.66 ▲ 2.29% COCOA 5,906 ▲ 3.69% BEEF 230.83 ▼ 1.86% CATTLE 354.20 ▼ 0.11% LITHIUM 70.24 ▼ 2.88% PETR4 40.66 ▲ 2.55% VALE3 72.85 ▼ 1.79% ITUB4 43.52 ▼ 1.76% BBDC4 18.77 ▼ 0.48% ABEV3 15.83 ▲ 0.06% BBAS3 20.24 ▼ 1.65% B3SA3 15.12 ▼ 1.95% WEGE3 44.39 ▼ 4.56% PRIO3 57.20 ▲ 3.16% SUZB3 41.49 ▼ 0.14% RENT3 40.20 ▼ 2.19% AZZA3 19.22 ▲ 0.63% CSAN3 3.90 ▼ 4.18% RAIZ4 0.33 ▼ 5.71% PCAR3 2.59 ▼ 5.13% GMAT3 3.94 ▼ 0.76% PSSA3 54.04 ▼ 1.69% CVCB3 1.25 — 0.00% POSI3 3.99 ▲ 0.50% SLCE3 13.87 ▼ 1.07% NATU3 8.60 ▼ 0.92% BRKM5 6.94 ▲ 4.68% RANI3 7.95 ▼ 0.75% CSNA3 5.24 ▲ 1.16% CMIN3 5.45 ▲ 4.21% USIM5 8.38 ▼ 0.83% GGBR4 22.82 ▼ 0.83% ENEV3 26.88 ▼ 2.43% CPFE3 46.84 ▼ 2.15% CMIG4 11.07 ▼ 2.72% EQTL3 40.21 ▼ 1.71% LREN3 14.15 ▼ 3.21% VIVT3 34.73 ▼ 2.85% RAIL3 14.11 ▼ 1.74% KLABIN 17.48 ▼ 0.34% RAIA DROGASIL 18.20 ▼ 3.04% RDOR3 35.56 ▼ 1.28% HAPV3 10.46 ▼ 1.32% FLRY3 16.15 ▼ 1.64% SMTO3 16.37 — 0.00% UGPA3 30.93 ▲ 0.72% VBBR3 32.76 ▼ 0.73% BBSE3 40.28 ▼ 0.17% BPAC11 57.52 ▼ 2.06% CURY3 33.12 ▼ 3.19% AERI3 2.08 ▼ 0.48% VIVARA 23.11 ▼ 1.79% COMPASS 24.77 ▼ 2.86% VAMOS 3.02 ▼ 1.31% SANB11 27.37 ▼ 0.91% ASAI3 8.71 ▼ 1.80% SBSP3 30.37 ▼ 2.38% WALMEX 49.66 ▲ 0.69% GMEXICO 195.76 ▼ 1.74% FEMSA 225.36 ▲ 0.92% CEMEX 21.79 ▼ 0.32% GFNORTE 181.91 ▼ 2.51% BIMBO 55.97 ▼ 0.23% TELEVISA 9.58 ▼ 1.54% AMX 22.86 ▲ 0.70% GAP 407.66 ▼ 1.17% ASUR 278.66 ▼ 2.27% OMA 232.47 ▼ 1.70% KOF 181.26 ▲ 0.62% GRUMA 281.09 ▼ 0.87% KIMBER 38.20 ▲ 0.34% SQM-B 67,211 ▼ 0.80% COPEC 6,057 ▼ 1.33% BSANTANDER 78.20 ▼ 1.01% FALABELLA 5,905 — 0.00% ENELAM 84.20 ▼ 1.41% CENCOSUD 2,040 ▼ 0.25% CMPC 1,078 ▼ 2.80% BANCO CHILE 185.00 ▼ 2.05% LATAM AIR 24.90 ▼ 5.18% YPF 77,175 ▲ 3.73% GGAL 8,095 ▼ 2.88% PAMPA 5,225 ▲ 0.87% TXAR 661.50 ▼ 1.42% ALUAR 964.50 ▼ 1.13% TGS 9,580 ▼ 0.16% CEPU 2,324 ▼ 3.01% MIRGOR 17,050 ▼ 1.16% COME 44.85 ▼ 2.31% LOMA NEGRA 3,500 ▼ 2.30% BYMA 308.25 ▼ 1.83% TELECOM ARG 4,248 ▲ 0.06% ECOPETROL 15.88 ▲ 1.93% BANCOLOMBIA 80.42 ▼ 3.05% GRUPO AVAL 4.91 ▼ 3.16% CREDICORP 389.22 ▼ 2.89% SOUTHERN COPPER 174.53 ▼ 0.74% BUENAVENTURA 29.82 ▼ 0.60% MERCADOLIBRE 1,867 ▲ 0.81% NUBANK 13.67 ▼ 0.65% XP 16.37 ▼ 3.25% PAGSEGURO 9.28 ▲ 0.32% STONE 11.15 ▼ 0.54% GLOBANT 32.12 ▲ 7.21% TECNOGLASS 42.84 ▼ 2.41% GAP AIRPORT 232.77 ▼ 1.22% ASUR 278.66 ▼ 2.27% OMA AIRPORT 106.13 ▼ 1.77% AMX ADR 26.02 ▲ 0.04% FEMSA ADR 129.01 ▲ 1.06% CEMEX ADR 12.45 ▼ 0.24% PETROBRAS ADR 17.88 ▲ 3.23% VALE ADR 14.18 ▼ 1.94% ITAU ADR 8.47 ▼ 1.74% SANTANDER BR 5.34 ▼ 1.02% AMBEV ADR 3.06 ▼ 0.33% CSN 1.03 ▲ 1.49% GERDAU 4.49 ▼ 0.22% LATAM ADR 53.33 ▼ 5.53% BTC 62,535 ▲ 0.48% ETH 1,784 ▲ 0.60% SOL 74.90 ▲ 0.05% XRP 1.07 ▲ 0.24% BNB 569.79 ▲ 0.56% ADA 0.16 ▲ 0.74% DOGE 0.07 ▲ 0.26% AVAX 6.48 ▲ 0.56% LINK 7.91 ▲ 0.50% DOT 0.85 ▲ 1.25% LTC 43.54 ▲ 0.12% BCH 235.92 ▼ 0.13% TRX 0.32 ▲ 0.17% XLM 0.18 ▼ 1.31% HBAR 0.07 ▼ 1.06% NEAR 1.98 ▲ 3.35% ATOM 1.52 ▼ 0.91% AAVE 96.19 ▲ 1.94% SELIC 14.25% EMBRAER 83.01 ▼ 1.88% EMBRAER ADR 64.48 ▼ 2.32% JBS 11.80 ▼ 0.92% JBS BDR 60.61 ▼ 0.28% MBRF3 15.72 ▲ 1.09% MBRFY 3.03 ▲ 0.33% INTER 5.65 ▼ 2.92% EGX 52,416 ▼ 0.37% USD/ZAR16.47▼ 0.01% USD/NGN 1,378 — 0.00% NIKKEI 67,744 ▲ 0.74% CSI300 4,797 ▲ 2.15% HSI 24,341 ▲ 0.52% NIFTY 24,053 ▼ 0.65% KOSPI 6,857 ▲ 0.73% JCI 6,040 ▲ 0.03% USD/JPY162.21▼ 0.14% USD/CNY6.78▼ 0.04% DAX 24,994 ▼ 0.48% CAC 8,303 ▼ 0.74% FTSE 10,448 ▼ 0.48% MIB 52,514 ▼ 0.56% IBEX 19,166 ▼ 0.88% STOXX 637.30 ▼ 0.58% EUR/USD1.14▲ 0.16% GBP/USD1.34▼ 0.06% SPX 7,515 ▼ 0.79% DJI 52,499 ▼ 0.26% NDX 29,264 ▼ 1.88% RUT 2,953 ▼ 0.83% TSX 35,253 ▼ 0.15% VIX 17.26 ▲ 0.58% USD/CAD1.41▼ 0.49% US10Y 4.6090 ▲ 0.88% IBOV 175,739 ▼ 1.20% IPSA 10,928 ▼ 1.17% IPC MEX 65,973 ▼ 0.79% MERVAL 3,235,295 ▼ 1.37% COLCAP 2,307.67 — UNCH BVL PERÚ 56,917.82 ▼ 0.86% USD/BRL 5.13 ▼ 0.12% USD/MXN 17.51 ▼ 0.13% USD/CLP 932.70 ▲ 0.85% USD/COP 3,247 ▼ 0.49% USD/PEN 3.40 ▼ 0.23% USD/ARS 1,482 ▼ 0.07% USD/UYU 40.22 ▲ 0.96% USD/PYG 6,045 ▲ 1.22% USD/BOB 10.35 ▲ 6.04% USD/DOP 58.37 ▲ 0.49% USD/CRC 448.53 ▲ 1.22% USD/GTQ 7.62 ▲ 2.07% USD/HNL 26.73 ▲ 0.04% USD/NIO 36.62 ▲ 0.63% USD/VES 722.19 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 0.70% USD/TTD 6.74 ▲ 1.05% EUR/BRL 5.85 ▲ 0.47% BRENT 86.75 ▲ 4.14% WTI 80.52 ▲ 3.05% IRON ORE 161.91 — — COPPER 6.38 ▲ 2.29% GOLD 4,025 ▲ 0.70% SILVER 58.37 ▲ 1.28% SOY 1,192 ▼ 0.87% CORN 459.75 ▲ 5.03% WHEAT 637.00 ▲ 1.59% COFFEE 313.50 ▼ 8.17% SUGAR 14.82 ▲ 0.47% ORANGE JUICE 137.15 ▼ 7.24% COTTON 81.66 ▲ 2.29% COCOA 5,906 ▲ 3.69% BEEF 230.83 ▼ 1.86% CATTLE 354.20 ▼ 0.11% LITHIUM 70.24 ▼ 2.88% PETR4 40.66 ▲ 2.55% VALE3 72.85 ▼ 1.79% ITUB4 43.52 ▼ 1.76% BBDC4 18.77 ▼ 0.48% ABEV3 15.83 ▲ 0.06% BBAS3 20.24 ▼ 1.65% B3SA3 15.12 ▼ 1.95% WEGE3 44.39 ▼ 4.56% PRIO3 57.20 ▲ 3.16% SUZB3 41.49 ▼ 0.14% RENT3 40.20 ▼ 2.19% AZZA3 19.22 ▲ 0.63% CSAN3 3.90 ▼ 4.18% RAIZ4 0.33 ▼ 5.71% PCAR3 2.59 ▼ 5.13% GMAT3 3.94 ▼ 0.76% PSSA3 54.04 ▼ 1.69% CVCB3 1.25 — 0.00% POSI3 3.99 ▲ 0.50% SLCE3 13.87 ▼ 1.07% NATU3 8.60 ▼ 0.92% BRKM5 6.94 ▲ 4.68% RANI3 7.95 ▼ 0.75% CSNA3 5.24 ▲ 1.16% CMIN3 5.45 ▲ 4.21% USIM5 8.38 ▼ 0.83% GGBR4 22.82 ▼ 0.83% ENEV3 26.88 ▼ 2.43% CPFE3 46.84 ▼ 2.15% CMIG4 11.07 ▼ 2.72% EQTL3 40.21 ▼ 1.71% LREN3 14.15 ▼ 3.21% VIVT3 34.73 ▼ 2.85% RAIL3 14.11 ▼ 1.74% KLABIN 17.48 ▼ 0.34% RAIA DROGASIL 18.20 ▼ 3.04% RDOR3 35.56 ▼ 1.28% HAPV3 10.46 ▼ 1.32% FLRY3 16.15 ▼ 1.64% SMTO3 16.37 — 0.00% UGPA3 30.93 ▲ 0.72% VBBR3 32.76 ▼ 0.73% BBSE3 40.28 ▼ 0.17% BPAC11 57.52 ▼ 2.06% CURY3 33.12 ▼ 3.19% AERI3 2.08 ▼ 0.48% VIVARA 23.11 ▼ 1.79% COMPASS 24.77 ▼ 2.86% VAMOS 3.02 ▼ 1.31% SANB11 27.37 ▼ 0.91% ASAI3 8.71 ▼ 1.80% SBSP3 30.37 ▼ 2.38% WALMEX 49.66 ▲ 0.69% GMEXICO 195.76 ▼ 1.74% FEMSA 225.36 ▲ 0.92% CEMEX 21.79 ▼ 0.32% GFNORTE 181.91 ▼ 2.51% BIMBO 55.97 ▼ 0.23% TELEVISA 9.58 ▼ 1.54% AMX 22.86 ▲ 0.70% GAP 407.66 ▼ 1.17% ASUR 278.66 ▼ 2.27% OMA 232.47 ▼ 1.70% KOF 181.26 ▲ 0.62% GRUMA 281.09 ▼ 0.87% KIMBER 38.20 ▲ 0.34% SQM-B 67,211 ▼ 0.80% COPEC 6,057 ▼ 1.33% BSANTANDER 78.20 ▼ 1.01% FALABELLA 5,905 — 0.00% ENELAM 84.20 ▼ 1.41% CENCOSUD 2,040 ▼ 0.25% CMPC 1,078 ▼ 2.80% BANCO CHILE 185.00 ▼ 2.05% LATAM AIR 24.90 ▼ 5.18% YPF 77,175 ▲ 3.73% GGAL 8,095 ▼ 2.88% PAMPA 5,225 ▲ 0.87% TXAR 661.50 ▼ 1.42% ALUAR 964.50 ▼ 1.13% TGS 9,580 ▼ 0.16% CEPU 2,324 ▼ 3.01% MIRGOR 17,050 ▼ 1.16% COME 44.85 ▼ 2.31% LOMA NEGRA 3,500 ▼ 2.30% BYMA 308.25 ▼ 1.83% TELECOM ARG 4,248 ▲ 0.06% ECOPETROL 15.88 ▲ 1.93% BANCOLOMBIA 80.42 ▼ 3.05% GRUPO AVAL 4.91 ▼ 3.16% CREDICORP 389.22 ▼ 2.89% SOUTHERN COPPER 174.53 ▼ 0.74% BUENAVENTURA 29.82 ▼ 0.60% MERCADOLIBRE 1,867 ▲ 0.81% NUBANK 13.67 ▼ 0.65% XP 16.37 ▼ 3.25% PAGSEGURO 9.28 ▲ 0.32% STONE 11.15 ▼ 0.54% GLOBANT 32.12 ▲ 7.21% TECNOGLASS 42.84 ▼ 2.41% GAP AIRPORT 232.77 ▼ 1.22% ASUR 278.66 ▼ 2.27% OMA AIRPORT 106.13 ▼ 1.77% AMX ADR 26.02 ▲ 0.04% FEMSA ADR 129.01 ▲ 1.06% CEMEX ADR 12.45 ▼ 0.24% PETROBRAS ADR 17.88 ▲ 3.23% VALE ADR 14.18 ▼ 1.94% ITAU ADR 8.47 ▼ 1.74% SANTANDER BR 5.34 ▼ 1.02% AMBEV ADR 3.06 ▼ 0.33% CSN 1.03 ▲ 1.49% GERDAU 4.49 ▼ 0.22% LATAM ADR 53.33 ▼ 5.53% BTC 62,535 ▲ 0.48% ETH 1,784 ▲ 0.60% SOL 74.90 ▲ 0.05% XRP 1.07 ▲ 0.24% BNB 569.79 ▲ 0.56% ADA 0.16 ▲ 0.74% DOGE 0.07 ▲ 0.26% AVAX 6.48 ▲ 0.56% LINK 7.91 ▲ 0.50% DOT 0.85 ▲ 1.25% LTC 43.54 ▲ 0.12% BCH 235.92 ▼ 0.13% TRX 0.32 ▲ 0.17% XLM 0.18 ▼ 1.31% HBAR 0.07 ▼ 1.06% NEAR 1.98 ▲ 3.35% ATOM 1.52 ▼ 0.91% AAVE 96.19 ▲ 1.94% SELIC 14.25% EMBRAER 83.01 ▼ 1.88% EMBRAER ADR 64.48 ▼ 2.32% JBS 11.80 ▼ 0.92% JBS BDR 60.61 ▼ 0.28% MBRF3 15.72 ▲ 1.09% MBRFY 3.03 ▲ 0.33% INTER 5.65 ▼ 2.92% EGX 52,416 ▼ 0.37% USD/ZAR 16.47 ▲ 0.10% USD/NGN 1,378 — 0.00% NIKKEI 67,744 ▲ 0.74% CSI300 4,797 ▲ 2.15% HSI 24,341 ▲ 0.52% NIFTY 24,053 ▼ 0.65% KOSPI 6,857 ▲ 0.73% JCI 6,040 ▲ 0.03% USD/JPY 162.21 ▼ 0.14% USD/CNY 6.7775 ▲ 0.10% DAX 24,994 ▼ 0.48% CAC 8,303 ▼ 0.74% FTSE 10,448 ▼ 0.48% MIB 52,514 ▼ 0.56% IBEX 19,166 ▼ 0.88% STOXX 637.30 ▼ 0.58% EUR/USD 1.1403 ▲ 0.14% GBP/USD 1.3379 ▲ 0.22% SPX 7,515 ▼ 0.79% DJI 52,499 ▼ 0.26% NDX 29,264 ▼ 1.88% RUT 2,953 ▼ 0.83% TSX 35,253 ▼ 0.15% VIX 17.26 ▲ 0.58% USD/CAD 1.4086 ▼ 0.47% US10Y 4.6090 ▲ 0.88%
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Tuesday, July 14, 2026

The Curmudgeon on The Second Round

By · September 14, 2010 · 3 min read

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Opinion, by Michael Royster

RIO DE JANEIRO – First, here’s the good news for all residents of the State of Rio, especially those who run businesses in tourist destinations like Búzios and Itatiaia: start planning for an enjoyable long weekend starting October 30th and running through All Souls Day, November 2nd, because all four days are going to be available for leisure.

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Now, here’s more good news, or bad news, depending upon your political persuasion. The reason people are going to leave Rio de Janeiro in droves on October 29th and 30th is because there is not going to be a second ballot on Sunday, October 31st in the State of Rio de Janeiro. Dilma will be elected President on the first ballot October 3rd, and Sérgio Cabral will be re-elected Governor that same day.

Voting at all elections is obligatory in Brazil. If people do not vote, they must pay a fine. Brazil does not have absentee or mail-in ballots, nor does it permit people to vote at a polling station different from the one where they are registered. You can go to a different polling station and prove you were out of town, but that’s a hassle. Besides, if you’re a responsible voter, you want to support your favored candidate.

So, if you’d been thinking about snorkeling at Ilha Grande around the end of October you would probably not go on Saturday, because you’d have to come back to Rio on Sunday to vote, and you would probably not go on Monday either just to spend one more day.

Brazilian electoral law only requires a second round in races for executive branch positions. So, in the first round of balloting, if no candidate for President or Governor obtains fifty percent plus one of the valid votes, a second round must be held between the top two vote-getters in the first round. On the other hand, if candidates for both President and Governor do receive fifty percent-plus one of the valid votes, there will be no need for a second round.

The Curmudgeon is quite sure that both Dilma and Cabral will win on the first round, because they have both hitched their wagons ever so tightly to Lula’s star, which is shining brightly indeed. Most poor, lower and middle class Brazilian citizens are better off now than they were eight years ago when Lula took office. Most of these voters attribute this improvement to Lula.

Moreover, serious people around the world now listen to the President of the Federative Republic of Brazil, and treat him with respect, even if they disagree with what he says. Hosting both the 2014 World Cup and the 2016 Olympic Games was an impossible dream, but the impossible has happened. Most Brazilians attribute this miracle to Lula.

Dilma and Cabral have promised the voters to continue the Lula regime—and the Curmudgeon is sure that more than half of the voters in the state of Rio will vote for continuity on October 3rd. So get your scuba gear or hiking boots ready, because a long holiday weekend “feriadão” beckons enticingly.

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