Brazilian banks like ITUB ( quote ), BSBR ( quote ), BBD ( quote ) are still in great shape and are at very interesting levels here. The crisis in Japan was the biggest factor in this week's action, but the global growth scare may actually be beneficial for the world's emerging markets. The fact is that a little less global growth could be a boon for emerging markets that are already at risk of overheating from inflationary pressures -- some admittedly homegrown but a lot of it imported from overseas trade partners.