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DewDiligence

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Re: jbog post# 7118

Saturday, 06/01/2013 3:20:00 PM

Saturday, June 01, 2013 3:20:00 PM

Post# of 30493
VALE—Brazil’s Real dropped as low as 2.14 reais per dollar Friday, the lowest exchange rate since mid-2009.

This ought to be bullish for VALE, whose revenues are mostly in US dollars and whose costs are mostly in Brazilian reias.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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