Great explanation. It's just that simple then. What Brazilian stock is in the Dow? Drawing loose correlations like this based on what, a three day performance (?), and throwing it out there is ludicrous.
I now know that you have not a clue about anything even relating to this market. EWZ tracks the DOW???? WTF are you talking about. EWZ DOES NOT TRACK THE DOW!!!!!!!!!!!!!!
Quote: "When the dow surges, ewz surges because MSCI Brazilian Market Index is also going up When the dow fell 3% intraday a few thursdays ago so did EWZ and MSCI Brazilian Market Index but to a greater degree. " So because of the uni-directional trading events a few thursdays ago, we can go ahead and draw a broad based conclusion that Brazil and the Dow are linked. Why bother doing a historical analysis dating back 1, 3, 5, or more years? Why bother doing any kind of correlation modeling, let's just put blanket statements out there? This is fantastic reading.
You know how to make money??? You told everyone that EWZ and the DOW track each other. Where you get that info is just beyond me. You dont even know what an ETF is.
"Buy & Hold." Yet you didn't utter a word during last week's carnage....NOWHERE to be found. You're terribly predictable.
If you think the bashing is bad now it would have been about 5x worse last week cause every single ET bear was in full force. Even I have step back and let things unfold. Also I posted, but not as much.