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.


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