Rio was a great pick for the Olympics. The emergence of Latin American economies made that pick a must. I never thought Chicago had a chance. Tokyo held it before in 1964. No way was the IOC going to go back-to-back with summer games in Europe. Mark your calendar for 2014 when you should be loading up on Brazil. I already own a nice piece of iShares Brazil (EWZ) and will add incrementally over the next few years. No rush to do so yet.
The IOC had to keep a US city in the mix, just to be politically correct. Was the nix of Chicago a global statement about Obama? Should Obama have gone to the Olympic meeting while we continue to lose jobs? That will be the subject of talk on the Sunday morning political talk shows and Fox tonight.
At the time of this Blog entry Scott Rothbort, his family and or
clients of LakeView Asset Management, LLC was long shares of MCD ---
although positions can change at any time.
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Posted By Scott Rothbort at October 2, 2009