Latin Equities: Monthly Closes Remain Unconvincing

Although Latin equity markets appear to have largely shrugged off the initial fallout from the Dubai World debt crisis, which surfaced on November 26, we note that a look at the monthly charts suggests that selectivity will be key going forward. With another month coming to a close, we have seen a relatively impressive rebound from the generally weak monthly closes seen a month earlier (see our online service on November 2 'Latin Equities: Weak Monthly Close Calls For Caution').

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