Investors Get Complacent

Investors Get Complacent

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

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