“It’s a bear market rally,”

George Soros told Bloomberg today. Leave it to the odd Hungarian billionaire to state the obvious: “It’s a bear market rally because we have not yet turned the economy around… This isn’t a financial crisis like all the other financial crises that we have experienced in our lifetime.”

So where is Soros -- one of the world’s most successful investors -- putting his billions? “I think Brazil actually,” says the thickly bespectacled one, “together with China, will be among the recovering countries. The outlook for Brazil is better than for most other countries.”