Steve Cortes of Veracruz has a bearish view of the future of emerging market funds. With the recent run up in the prices of some of the emerging market ETF’s he is becoming wary that they will be able to maintain their momentum. Steve seems most bearish on Brazil, and provides us with the quote of the week, “I would rather have a Brazilian wax than own Brazilian shares right now.” Steve sees shorting of the ISHARE MSCI BRAZIL (EWZ) as a good play.

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