vale and petrobras are the big blue chips in brazil. those will get more flow. there's also a small cap etf, ticker br frchlt. it's the market vertical small cap brazil etf. we think that's an easy way to play the small caps. trades about 10 million a day, so it's pretty liquid. that's another name we like to play, small caps for brazil. >> the other good news for brazil this year, the huge oil find off the coast. >> yeah, petrobras has discovered a lot of oil offshore on the pretty solid area. that's kind of a long-term investment theme for brazil but it's definitely a sizable find. so there is going to be investment needed to bring it out of the ground, but yes, it's definitely another positive for the investment case in brazil. >> what about security? do you remember the movie "city of god" which was all about the horrendous crime levels there and the gangs that could take over the city at some point? they're going to have to do that as well. >> yeah, crime is a problem in brazil. it is in most major cities around the world and also the major emerging markets

economy that's been sadly ignored by international investors too focused on iron ore, too focused on petrobrasing this huge pool of consumers and that's what the olympics will bring to the world. it's hugely positive for brazil and takes them to another level an individual investor radar screen. >> when i look at the vital signs of the country, the current account stuff doesn't look bad, the unemployment rate didn't suffer too badly. i know the central banker's held in wide regard there. the vital signs of the country, the currency's done reasonably well, but you don't like it at all, jim? >> no actually, as a long-term play, i do like it. i'm long the ewz in my longer-term portfolio -- >> what's the ewz? tell people what that is. >> it's the brazilian etf. >> thank you. >> a mixture of pbrs in it. you know how fond i am of money. i feel guilty, it's like blood money to me, the fact that i'm making money on the fact that chicago didn't get it, but to me, i think that's all part of it. i think brazil is moving in the right direction and this is a good push for them. and i think by the time this

but it is a reminder that their steel companies, their iron ore companies, something like petrobras,re in play into a global system that fair fueling. and one play in this i do think is interesting people don't look at is the food play and that would be something like archer daniels midland which is a u.s. company but to the degree it plays into both the corn market and the soybean market, which is a major aspect in bras al's agricultural economy it's probably worth looking at especially given it's lagged the current market. >> couple great consumer plays and also plays moving people around, the two airlines, gol, tam. 52-week highs, though, be careful. the cellular companies, viv, tsu -- tsp. the cellular names, they're all great ways to get poerksz to e exposure to the consumer. private companies in brazil will be getting these allocations and getting these mandates. that wouldn't be happening in other places. >> are there other u.s. plays you could look to? you bring up adm. is it bucyrus? joy global? the coal plays that we like to trade that are not the adrs but -- >> i wouldn't