Brazilian Quicksand Samba and the Nether Regions, from Pitt T. Maner III
Greece has been discussed, but Brazil also seems particularly beaten down at the moment. There is a brutal drought and many things are going on with the government. I enjoyed this blog post on the subject:
A few months ago, I suggested that investors venture where it is darkest, the nether regions of the corporate world where country risk, commodity risk and company risk all collide to create investing quicksand. I still own the two companies that I highlighted in that post, Vale and Lukoil, and have no regrets, even though I have lost money on both.