So Much For The Great "Buy BRICs" Trade

Tyler Durden's picture

Presented without comment. Those who need explanation are encouraged to call Jim O'Neill. He will be delighted to explain this.

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fonzannoon's picture

Brazil just cut rates again. At least they gave themselves a cushion.

ACP's picture

I thought Brazilian women already have a lot of cushion, but I digress...

...keep in mind O'Neill is a Manchester United fan and ardent supporter of said club.

TruthInSunshine's picture




There once was a man named O'Neill

With gusto & confidence he gave a great spiel

About emerging markets growing with zeal

He proceeded to I.D. a fav four

The BRIC acronym was thus born

Soon into their coffers money did pour

The first to 'trade' this paradigm banked cash

No one could fathom a crash

Many rode the golden rails of this train

And for a while large profits did rain

Until the rug was pulled out from their feet

It turns out Goldman Sachs had been shorting this teat

Pocketing another Abacus type beat

knukles's picture

Jim O'Neil
Narcissist, ego centric punk economist, crappy asset manager....
Goldman Globalist
NWO cheerleader

What could go wrong?

BTW, ya'll know that Willie the Mittens was at the last Bilderberg meeting dontcha?

old naughty's picture

All the chart shows is the "seat" of TPTB is in Europe, right in the middle of the bulls and the bears.

Leveraging works.

chump666's picture

as for Brazil it will inflation and drug wars redux.

They have lost their brains cutting rates.

Popo's picture

Brazil has experienced runaway currency devaluation before -- and they will again. 


youngman's picture

I hope so..It was fun down there when the exchange rate was 4.50 to 1 dollar...

EuroInhabitant's picture

Brazil has now definitely entered the realm of bubbles and busts. Welcome to the club.

Dr. Engali's picture

You mean that AMZN with a 300 p/e is a little pricy ? Say it isn't so.

dryam's picture

Does the NASDAQ count if much if it has been purchased by the FED?

El Oregonian's picture

GOVDAQ..Hmmm Sounds so? Americanish!

Freddie's picture

I am suprise the Tylers did not mention that Apple is about 18 to 20% of the NASDAQ.

lsbumblebee's picture

Jim says they read right to left in Shanghai.

knukles's picture

Which he was told about by his tour guide between meetings in a tight schedule.  Fascinated, he turned to Wikipedia for confirmation and felt as if he'd a moment of revelation, seeing so much more of the Chinee culture than he'd ever appreciated.

Shortly thereafter when being interviewed by the Daily Mail's sports section he was asked what the Chinee had that the West didn't, to which he replied; "Great dim sum recipes"

chump666's picture

Now we await the Goldman's and Morgan Stanley's take bond losses on Asia more so China and India.

surf0766's picture

So much for putting the BRIC's on the PIIGS

newengland's picture

O'Neill, silly bint...bricked:-) Or is he just muppet numero uno?

SafelyGraze's picture

I always forget whether you mean nasdaq the composite index, or nasdaq the creating-value-for-our-shareholders entity

Let R be the set of all stock markets that are not members of themselves, etc

Dr. Engali's picture

Well clearly it's time for O'neill to start talking up the beauty of the Nasdaq.

knukles's picture

More like he chats up the beauty of a Brazilian tranny wrapped up neath the Christmas tree on Boxing day in snowy Chiswick.

Q: Who the fuck takes this rub seriously anymore?
A:  Executive Search for Gov'nr BoE

Cable: Watch out below!

chump666's picture

Can't be stressed enough the collapsed in the iron ore price and it's effect on the BRICS/world.  That and inflation is still rampant.

AndrewJackson's picture

To me, this is just more proof that the US stock market is manipulated to just stupid levels. How the S&P 500 keeps rallying in light of europe and emerging markets falling to pieces is just a joke.

Whiner's picture

Rush to safety into USSA equities by EuroChina scared money. Back up the trucks, she going to the moon, Alice! Keep stacking.

q99x2's picture

A graph of proportionate financial terrorism represented by geographicly located indexes. Either that or the amount left to steal within each respective nation.

JJSF's picture

To me the buy of the year has been the GBP.. Most are still stuck on equities.. I just dont see it..

Bodysurf's picture

Wonder what the respective charts would look like if AAPL traded on the exhange of the country where all their stuff is made, instead of the NASDAQ.

solgundy's picture

nice,but what does it mean if priced in gold???..hmmmmmmm

TrumpXVI's picture

You guys are mean.  You need to stop picking on Jimbo.

Didn't any of you see the interview he did on Charlie Rose where he told the heartwarming story (that only an investment banker could tell) to his daughter about how Goldman and Co. are lifting all the world's poor out of grinding poverty?

And there's so much more good work that needs to be done; God's work.

If you can't help, then get out of the way!


poor fella's picture

The good news is if anyone needs any other investing advice, Tomas Lee says we're at the beginning of a 3-year bull market and the housing stocks are ready to double and perhaps triple.

Big money, big money, no whammies, no whammy!