South American haircut
Yesterday Argentina’s stock market fell 48%, the 2nd biggest one day loss in 70 years.
Sri Lanka takes top spot with a near 62% fall in 1989.
I have followed and traded a relatively under followed Argentinian financial services company for a while called Grupo Fin Galicia (GGAL).
I will be keeping a close eye for a possible entry on this one over the coming days after it tumbled 56%.
Baron Rothschild did his buying when there was blood on the streets, and there’s certainly blood.
