Argentina’s Merval index (MERV) up 5% at 1,510 and having another popping day. Ever since Argentina got downgraded to a ‘Frontier Market’ it hasn’t stood still, however with 60% of weighting in Tenaris and Petrobras the Merval is still a ridiculous way to judge Argentina’s economy.
The Chile ETF (ECH) also having a good day, up 4.1% at $43.38. Latin America Is The Continent of the Future!*
Fronteer (FRG) up 3.8% at U$3.02 and the trading port is having its own peppy start to the week, with or without the Toronto action. DYODD, dude.
*and always will be