I am scouting stocks in Mexico. But you can buy the entire Mexican market, which looks pretty good right now. How do you do that? With the Mexico iShares (EWW: 50.44 +0.49 +0.98%). Here’s a weekly chart …
And this might be the fundamental news driving that move in the EWW …
Mexico Raises 2010 Growth Estimate as Demand Recovers
Mexico’s government raised its estimate for 2010 economic growth, citing signs of recovery in internal and external demand after the country’s biggest slump since the Great Depression.
Gross domestic product will rise 3.9 percent this year, up from a previous forecast of 3 percent, the Finance Ministry said today in an e-mailed statement.
“They’re being very careful, conservative,” said Gabriel Casillas, JPMorgan Chase & Co.’s chief economist in Mexico City. “The improvement that has been seen in manufacturing and employment translates into higher consumer demand.”
XX Sean’s note — whatever you do, be careful out there.
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