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Brazilian stock market recorded the biggest drop since 2008 financial crisis

Much is usually made, rightfully so, about investors who during a stock market decline choose to sell stocks rather than ride out the decline. However, failing to rebalance your portfolio as the stock market advances — in other words, sell stocks — can be equally as concerning, even if it garners much less attention.
Inevitably, this occurs at the bottom and the market begins to rebound from there, locking in losses for the investor.
On the morning of Nov. 8, 2016 — Election Day — the S&P 500 opened at a touch below 2,130.
Investors who know they should rebalance their portfolios can sometimes be hesitant to do so when markets run up quickly.

according to

stock market

Contrary to popular belief, the release of the audio conversation between President Michel Temer and businessman Joesley Batista has calmed down Brazil’s stock market.
Petrobras stock has also recovered some of its value in the New York Stock Market, up by 5.26 percent.
The country cannot remain in this uncertainty.”Still, Joesley Batista talks about tampering with Operation Car Wash.
On Thursday, however, the São Paulo Stock Exchange had its worst performance since the 2008 international economic crisis.
Investors have interpreted that the audio recordings between Temer and Joesley Batista, owner of meatpacking company JBS, was far less compromising than expected.

according to

Brazilian stock market index plummeted 10 percent shortly after opening

Brazil's stock market

The Brazilian stock market index plummeted 10 percent shortly after opening on Thursday, the biggest drop since the 2008 financial crisis.
The decline washed 26 billion real ($7.7 billion) off the market values of Brazilian Banco Itaú and petroleum giant Petrobras.
The sharp declines were reportedly triggered by fresh allegations of President Michel Temer’s involvement in the unfolding bribery scandal.
President Temer has denied the allegations and refused to resign.
“For the market, it’s not a question of whether Temer will be ousted or not. Investors have interpreted that the audio recordings between Temer and Joesley Batista, owner of meatpacking company JBS, was far less compromising than expected.

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