Latin American stocks are en fuego! (”on fire” for you gringos).  China’s stock market gets a lot of attention but I am much more impressed by Latin America.  The Latin American 40 ETF (ILF) was in the low $30’s when the US bull market started 5 years ago, today it closed at $255.  Even more amazing are the returns since mid-August.  The ILF is up about 40% and the Brazil ETF (EWZ) has rocketed over 50% in the past two months.  You don’t need to buy ETFs to add some spicy stocks to your portfolio as you can pull up almost any stock from the region and you’ll see similar gains.  Compared to China, the fundamentals are much better and I like the superior liquidity and transparency you get with companies that have been around much longer than Chinese stocks.  I don’t like the socialist political tone in the region but most of the stocks have done well.  Putting it mildly, HEDGEfolios performance in individual stocks and ETFs of this region has been pathetic.  And to be honest, from a technical perspective I still don’t like the charts on many of these stocks.  But for the most part, I have been wrong.  So I am spending a tremendous amount of time this week trying to figure out how to do better.