Once in a great while, a sector trend becomes so strong, the rising tide lifts every boat in the industry.

There’s nothing worse than missing an amazing window of opportunity. When these great opportunities in the BRIC economies filter through to the mainstream – the chance to make huge profits is over. Get in ahead of the curve right now.

Yesterday I visited the world’s largest hydroelectric power plant. The name of this plant is Itaipu. It sits on the border between Brazil and Paraguay, on one of the largest rivers in Latin America, the Rio Parana.

The yield on the Brazilian government’s zero-coupon bond due January 2010 was little changed at 14.32 percent, according to a report on Bloomberg.

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Brazil’s interest-rate future yields rose after Banco Itau Holding Financeira SA, the country’s second-biggest non-government bank, boosted its forecast for central bank interest-rate increases.

For months now, the big story in the Aussie market has been China’s Inc.’s stealth invasion of Australia through the share market. A Trojan equity horse, if you will. But maybe we had the story all wrong. Maybe the Pilbara is invading China!

Who cares if oil is bullish or bubbly? Prices are going up, baby. Why ask why?

Emerging markets investments are soaring on the back of the ongoing global commodities boom. This morning in New York, MSCI’s benchmark Emerging Markets Index (MSCI EM) reached a fresh 2008 record of 1246.85, close to 8% below its all-time high last November.

Speaking to Thomson Reuters, Matthias Siller, an emerging markets investment strategist at Baring Asset Management said, “You can make a strong case that emerging markets are well-placed in any scenario going forward – many of them are enjoying a commodities boom and many of their companies are ridiculously cheap at current valuations.”

“As long as we’re seeing strong commodity prices, the implication is that the emerging markets are still growing. The supply constraints in commodities are here for at least…

“Brazil is the country of the future – and always will be,” goes the old joke. Previous periods of strong growth in Brazil have ended in turmoil, but the country has come a long way over the last few years and finally seems set to fulfil its potential and develop into an advanced economy.

It’s important to be able to “step back” once in a while — in life, in work, and in markets, too. For those who would be rich, patience and wisdom count for far more than being clever.

Brazil has had some good fortune lately. On April 30, Standard and Poor’s upgraded the entire country and nine of Brazil’s banks to “investment grade.”