No more fun with PBR?

Petrobras might get nationalized. Sure Brazil has plenty of poor people to support, but is socialization really the answer?

Watch this!

Jubak added CMED to his watch list. China Medical Technologies stands to gain from any stimulus the Chinese government might do to keep things moving in their economy. Note that he is just keeping an eye on it, he's been noting in his journal that keeping mostly in cash and waiting on the sidelines is most prudent at this juncture.

Who wants in?

Hopefully the Brazilian government doesn't want too big of a cut out of the profits from Petrobras, bolstered by another oil find. Word is the president of Brazil wants to get in on the fun, possibly nationalizing the company. No small part of the Brazilian ETF, EWZ, is taken up by PBR.