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10/6/08

Trading Post (end of the woooooorld edition)


The US markets are in serious trouble today, but let's try and focus on LatAm. Bovespa down 15% and dropping fast is the headline maker. That's not a stock, people. That's the headline index of Latin America's biggest stock market.

There isn't much point in picking out too many individual stocks right now, but just for the record PBR is down 21%, ARG.to is down 28% and PCU down 18%. A hundred others to choose from. I get the feeling the US markets may be halted at any moment. Real, genuine, unadulterated panic is the whole ballgame here and people need to get a grip. I hope you have cash on hand.