Not a literal bloodbath. A figurative one. I'm talking about Mexican stocks.
The country has elected a new President, and traders are not optimistic about her. Mexican stocks got a bit of a haircut on Monday.
Here are the top losers from Monday's trading session. Notice all the Mexican companies:
Mexico has enough problems already, and now this presumably disastrous new leader will... well, we don't know what she'll do. Latin America can be a pretty wild place, politically speaking. Anything is possible. But if the financial experts are pessimistic, and they obviously are, then I'm inclined to be pessimistic too, at least until mitigating evidence appears.
I own some Latin American stocks, but no Mexican ones, and it looks like I won't be picking any up any time soon.
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