The market is a bit calmer regarding the Argentine situation, with many betting on a U.S. aid package for them. As a result, the real currency is much calmer, which helped the market.
I believe that until Wednesday, the market should be doing the same as today.
The Nasdaq is very unstable and we are tagging along with it. Everyone had hoped that the market would do well because of the rate cut and yesterday's fall.
The telecom sector pushed us up, these shares are really cheap and they've got a lot of room to grow.
Through the end of the year volumes are going to be pretty thin. There are no big clients taking positions right now.
As more details come out about the Argentine swap, the more the market calms down.
The market has shown a good recovery, though without much volume, against a background of improving interest rates and the real rate.
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