November 1, 2006
Latin American markets are surfing on stellar technicals and fundamentals to their longest ever bull run. Dedicated emerging market investors, usually the first to run for cover, are ebullient as they continue to reel in cash chasing after outsized returns. From the mood across much of the market, you would think that Latin secondary markets are heading for another banner year.
Rising bull:technicals overpower fundamental concerns.But it's hard not to be concerned when prices are sky high and everyone appears convinced that this is a one-way bet. Christian Stracke, head of emerging markets research at independent research firm CreditSights, notes, "Many emerging market investors a
Heavyweight emerging markets investors are betting on a bumper 2007. After so many years of outsized returns, they are sounding a bit smug.