18 Quotes by Marcos Basaglia

When the market is low such news (rate cut) push up the stocks a great deal. But now, when the bourse is scraping its highs, it is hard to spark up more than a short-term trend.

No one really expected a lower rate. It's just that, in the absence of good news, a flat rate added to the profit taking.

But for that, prices must fall lower to become attractive for the funds.

If the government does not have a majority (in Congress), getting its tax objectives and other measures approved would not be so easy.

There is a lack of volume, a lack of interest, a lack of liquidity at this level. The market is well apathetic.

The problem is that all those shares had already risen enough. People who bought them now keep asking: 'Why our stocks are not growing?' - and they are not rising exactly because those people already bought them. The price is high.

We are influenced by falls here. If Dow was falling and Nasdaq was stable, we would be falling along with Dow.

The rates prospects are giving courage to people. They want to buy one day before the market rises and many are betting that it will rise more tomorrow.

Uncertainty over Congress alliances is affecting the market. If it is not resolved -- if the president stays without allies there -- the market reaction may be quite strong.