Be Wary of Latin American Stock Markets

Democracy, freedom and prosperity are on the wane in Bolivia. Peru is next. Despite this, Latin American stock markets have been on a tear - Peru +45% ytd, Venezuela +51%, Argentina +24%, Brazil +19%.

It won't last. Chavismo is on the march and it will ultimately destroy the economies where it takes root. Massive social unrest and violence will ensue, which isn't good for stocks.