Story Comments

The peso will collapse along with government with the failure/inability to deal with the drug cartels

While I am neither a trader nor a speculator as classically defined, I concur that waiting for a loser to turn around can take much longer and drop much further than appears rational. Patience has demonstrated, in my case, superior risk-adjusted returns, however, if one exhibits due diligence in stock selection. I bought SAFM at about $30/share four-five years ago only watch it drop to the upper teens. It has now rallied nicely and paid me a small dividend along the way. While discretion must be exhibited in using an averaging down technique, I did apply it sparingly, and thus received an added boost from a lower average price as well. The peso will do well with a Democratic administration because the frictional costs of investing in the U.S. will be so high such that capital will flee to any place it is better appreciated.

The Mexican stock ETF, EWW, is another path. The 50 day moving average just crossed the 200 day average, a good sign to technical types.