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.

EWZ It's that Ea (wuh) sy.

The Brazil EWZ ETF moves with some stocks tracked on that country's market. Should be fun to watch given the recent volatility. Solid analysis of this etf can be found over at SeekingAlpha.com.

Will the drop in China ETFs last?

CNNMoney has an article about what may be in the works for Chinese ETFs. The article hints at the real extent of the damage the weather may have caused to the overall economy. There's also a bit of insight into how the Chinese and American economies are linked. The last sentence of the article in particular grabbed my attention. Nothing like corrupt governments to keep things interesting!