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Exhibiting some positive movement over last few days. PRLAX is off 30% over a 3 year time frame. I think it has a downside risk of about 10% from here.
Have been watching EWZ. Not convinced about a turn around yet. All trends are still negative. This is the problem with trying to catch bottoms. It is more luck than anything else. Do you feel lucky?
No. I wouldn't want to go near Brazil/Mexico. If I was, I'd only be interested in Femsa (FMX), Cielo (CIOXY), Ambev (ABEV) and maybe Wal-Mart De Mexico.
"Part of the problem, some economists say, is that Brazil focused too heavily on policies designed to increase consumption instead of completing ports and roads to help economic production in the long term. Brazilians bought a lot of flat screens during the boom, but the country's ports are still so clogged some ships turn away instead of waiting."
"One of the most telltale signs of whether it's a competitive jurisdiction is looking at the scoreboard," Reid Bigland, Chrysler Group LLC's head of U.S. sales, said in a Feb. 12 interview.
Canada received less than 5 percent of the $42 billion invested in the North American automotive industry in the last five years, Bigland said. IHS Automotive estimates that Mexico will top Canada as the biggest exporter of cars to the U.S. by 2015. ‘More Competitive'
"Some of these other jurisdictions, Mexico in particular, and the U.S., have become significantly more competitive," he said.
Comments
EWZ
Weekly ETF Gainers / Losers
| 4:15 PM Seeking Alpha
Gainers: EWZ +6.55%. BRF +5.13%. ILF +5.11%. FCG +4.03%. FXI +2..79%.
Losers: GDXJ -10.60%. GDX -7.93%. PSLV -7.03%. VXX -6.66%. SIVR -5.34%.
Bill Comes Due For Brazil's Middle Class (WSJ)
http://online.wsj.com/news/articles/SB10001424052702304795804579097412611960306
"Part of the problem, some economists say, is that Brazil focused too heavily on policies designed to increase consumption instead of completing ports and roads to help economic production in the long term. Brazilians bought a lot of flat screens during the boom, but the country's ports are still so clogged some ships turn away instead of waiting."
Canada received less than 5 percent of the $42 billion invested in the North American automotive industry in the last five years, Bigland said. IHS Automotive estimates that Mexico will top Canada as the biggest exporter of cars to the U.S. by 2015.
‘More Competitive'
"Some of these other jurisdictions, Mexico in particular, and the U.S., have become significantly more competitive," he said.
http://finance.yahoo.com/news/buffett-closing-plant-shows-loonie-110001440.html;_ylt=A0LEVjVOryxTCDMA2lgPxQt.;_ylu=X3oDMTBybnV2cXQwBHNlYwNzcgRwb3MDMgRjb2xvA2JmMQR2dGlkAw--
I bought a little of MXF in the last 10 days
http://www.themexicofund.com/pdfs/p201402.pdf