Two of the BRIC indexes look attractive this morning. Brazil's Ibovespa off an additional -4% to 52,120. Opening positions in the extended-hours session> EWZ 41.2x, PBR 12.6x. RSX (Russia) appears to have found its footing on Monday> opening a position pre-market @ 21.4x.
Even at these levels, both ETFs represent high-risk trades. For instance, Sunday's runoff election in Brazil is likely to gap its index up or down next Monday. The ideal entry scenario would be even odds in the polls going into Friday afternoon, as risk-averse investors unload positions ahead of the weekend.