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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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Wed, 08/29/2012 - 22:00 | 2748539 fonzannoon
fonzannoon's picture

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

Wed, 08/29/2012 - 22:09 | 2748556 ACP
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.

Wed, 08/29/2012 - 22:17 | 2748569 TruthInSunshine
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

Wed, 08/29/2012 - 22:18 | 2748570 chump666
chump666's picture


Wed, 08/29/2012 - 22:58 | 2748631 knukles
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?

Thu, 08/30/2012 - 04:54 | 2748915 old naughty
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.

Wed, 08/29/2012 - 22:20 | 2748575 chump666
chump666's picture

as for Brazil it will inflation and drug wars redux.

They have lost their brains cutting rates.

Thu, 08/30/2012 - 05:43 | 2748959 Popo
Popo's picture

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


Thu, 08/30/2012 - 07:15 | 2749025 youngman
youngman's picture

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

Wed, 08/29/2012 - 22:55 | 2748639 EuroInhabitant
EuroInhabitant's picture

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

Wed, 08/29/2012 - 23:05 | 2748650 Dr. Engali
Dr. Engali's picture

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

Thu, 08/30/2012 - 00:18 | 2748741 1fortheroad
1fortheroad's picture

Monkey see, Monkey do

Wed, 08/29/2012 - 22:01 | 2748540 dryam
dryam's picture

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

Wed, 08/29/2012 - 22:10 | 2748557 El Oregonian
El Oregonian's picture

GOVDAQ..Hmmm Sounds so?..so? Americanish!

Wed, 08/29/2012 - 22:13 | 2748562 Conman
Conman's picture

Tech bubble 2.0

Wed, 08/29/2012 - 22:15 | 2748563 fonzannoon
fonzannoon's picture

damn right.

Wed, 08/29/2012 - 23:22 | 2748682 Freddie
Freddie's picture

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

Wed, 08/29/2012 - 23:29 | 2748692 JLee2027
JLee2027's picture

I believe there was an entire article about that just last week.

Wed, 08/29/2012 - 22:13 | 2748561 lsbumblebee
lsbumblebee's picture

Jim says they read right to left in Shanghai.

Wed, 08/29/2012 - 22:40 | 2748611 infinity8
infinity8's picture

Okay, that's funny!

Wed, 08/29/2012 - 23:02 | 2748646 knukles
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"

Wed, 08/29/2012 - 22:19 | 2748573 chump666
chump666's picture

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

Wed, 08/29/2012 - 22:22 | 2748577 surf0766
surf0766's picture

So much for putting the BRIC's on the PIIGS

Wed, 08/29/2012 - 22:37 | 2748607 newengland
newengland's picture

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

Wed, 08/29/2012 - 22:44 | 2748615 SafelyGraze
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

Wed, 08/29/2012 - 23:01 | 2748644 Dr. Engali
Dr. Engali's picture

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

Wed, 08/29/2012 - 23:06 | 2748651 knukles
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!

Thu, 08/30/2012 - 00:30 | 2748752 chump666
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.

Thu, 08/30/2012 - 00:47 | 2748765 AndrewJackson
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.

Thu, 08/30/2012 - 08:09 | 2749078 Whiner
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.

Thu, 08/30/2012 - 01:38 | 2748796 q99x2
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.

Thu, 08/30/2012 - 02:02 | 2748815 JJSF
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..


Thu, 08/30/2012 - 02:18 | 2748822 Bodysurf
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.

Thu, 08/30/2012 - 04:17 | 2748893 solgundy
solgundy's picture

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

Thu, 08/30/2012 - 08:02 | 2749066 TrumpXVI
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!


Thu, 08/30/2012 - 10:35 | 2749427 poor fella
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!

Thu, 08/30/2012 - 11:36 | 2749624 covert
covert's picture

so, who really says that america has a bad future?


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