Mexico’s economy is in serious trouble, tourism was already hurting thanks to the recent drug trade violence, the peso has never been more volatile, and now you add the Swine Flu to the mix?! Don’t forget about Mexico City’s 5.6 magnitude earthquake a few hours ago. The downfall of the iShares MSCI Mexico Inv. Mt. Idx. (ETF) (NYSE:EWW) is just beginning.
Today the EWW has already shed 8%, trading at $30 a share and there’s no doubt that if iShares could file and put out an Inverse Mexico ETF, they would rush to do so.
Full Story: http://thestockmasters.com/short-EWW-Mexico-ETF-04272009