Monday, November 27, 2006

Nervous markets, as Stocks sell off.

Emerging Markets led by Brazil and Mexico weaked tremendously as Stocks in the States came off to close the day down 158pts. Ecuador was a major catalist as thier bond market came off hard today (ending at a 6 week low) as preliminary results from the presidential election showed Rafael Correa , an ex-Finance monister who advocates defaulting on debt and cutting ties with the World Bank and IMF won the election. This was another insentive for markets to sell off.

Markets feel nervous and I think that being low on risk and on the sidlines is the best advise.



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