Things were bad. The drop on Wall Street forced more investors to sell shares here ahead of Monday's options expiry.
Trading here today was very volatile, as it was in New York. It was the last session of the month and quarter, when many companies close their fiscal year books doing corresponding buying or selling.
On Monday you have the options expiration and you're going to see very high volume. After that, my guess is it's going to be flat. I don't see any direction in the short term.
Nobody wants government paper, here or abroad. The basic reason for that is the 'Lula is coming!' panic, which brings other consequences such as speculation and liquidity problems.
Investors are interested in Brazil because the prices are very cheap.
Investors are beginning to sell the issue as there won't be anything to roll over to.
There are not many prospects in the short term.
It's rising more on New York than anything else.
The Wall Street recovery is impressive. But there, as well as here, the market is still very, very bearish.
On top of all the problems we have here with the energy crisis and Argentina and the dollar ... being very volatile, you have the Nasdaq and Dow Jones going down.
