Despite weakness in US stocks, South American stocks are showing strength. Why, asks writes David Fry, founder and publisher of The ETF Digest? Here's his answer, and analysis of the chart for ILF, the iShares Latin America 40 Index ETF:
South of the border, where raw materials and commodities like cement and oil and gas are abundant, and are much needed post Katrina and now probably Rita, strong market performance is more easily understood since the US government becomes the primary consumer.
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