UBS Upgrades Petrobras to "Buy."

From Bloomberg.

Do I trust UBS' opinion on anything? NO!

They haven't even fired Phil Gramm yet... the guy most responsible for legislation that allowed the toxic assets nightmare the world is facing.

This is also the bank that has helped chisel the US Treasury out of billions trying to protect its 52,000 wealthy American clients.

Plus UBS's losses...so far...are more than $50 Billion!