Brazil is having a killer day, with better currency news, better commodities prices and a positive Wall St. combining into a 10.7% rise in the Bovespa benchmark index. Plenty of happy Brazil stocks to choose from today, with RIO (up 11%), PBR (up 8.4%), NETC (up 14.6%) catching my eye and Itau (up 8.4%) an example of the fun in Brazil's banking sector.The rest of LatAm is taking its cue from Brazil today, but the continued rally in copper today has helped FCX (up 7%) and PCU (up 8.5%). Those two were actually negative early this morning, so a very solid rally to report (happy to say).
Junior mining world is a mixed bag of small relief rallies, small drops and small volume. Distressed selling can hit any of these stocks at any time, and ST trading bargains are there for the fleet of foot. No special one to point out as the field seems to change every 45 minutes.
UPDATE after the bell: Wowswers, that was nosebleed material. Dow ended up 10.90%, the featured Bovespa up 13.4% and all those stocks I mentioned into double-figure gains and left those numbers I quoted just an hour ago in the dust. And here's me still in cash, still watching, still sidelines. Boring, aren't I?