The Mexican stock market is en fuego senor :) . I remember buying the breakout to all-time highs in 2004. Never thought it would see today’s prices though.
Like Russia, color me skeptical for the rest of my lifetime on Mexico. Other than Cabo, I am not a fan and would never invest directly in their economy. That said, I owned the ETF for a while and was shaken out in the last pullback. Mistake. It is screaming.
This pinata will be a mess when it ends, but who knows when. I am just a spectator at this point.
What a sweet ride for the trend followers it has been.
Lots of oil in Mexico.
It won’t matter.
We are all doomed to lose vast amounts of money, near term.
dude its the beer, the surf and the food. and the fact that you can get your car washed at a stop light.
Investing in Mexico is investing in the drug economy.