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  • Wisconsin_Badger Wisconsin_Badger May 23, 2006 2:33 PM Flag

    Watch AMX spike up this afternoon!

    I am long and not trying to talk this stock down, but I wonder if this is a sign of a more fundamental shift out of LA / emerging markets -- i.e. why no participation in the rally today. It gives me a bit of concern. Too little evidence to say for sure at this point. Several stocks are not participating and some are domestic.

    But also note a recent reuters newsclip from a few days ago:

    "The critical question going forward for everyone is to what degree is this a correction or to what degree is this a change in tendency," said Felix Boni, head of analysis at Scotiabank's brokerage in Mexico City.

    "I would also say the fact we didn't have that much of a rebound on Friday in the Dow and here in Mexico would suggest ... there is something more serious going on," Boni said.

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