The markets were wrong in the first place to worry about inflation, ... will not let inflation run out of control.

Interest rates have come down a long way and probably will go down further, ... is managing the peso very well ... and you're clearly getting a quite decent economic recovery now.

Actually, it's quite cheap now compared to some of the other parts of the world.

The next issues for investors in Mexico should be the timing of an S&P upgrade (likely to be mid-year, although maybe earlier) and the U.S. economic recovery (on track with our above-consensus view).

Mexico is not part of South America, but of North America, in respect of the current 'crisis' situation. We see the damage for the peso from this current crisis as being modest.

[For Mexican companies, the upgrade] makes it more likely that they will invest, and makes their profitability higher, creating a more competitive and strong corporate sector. That's not something that's a five-day wonder --- it's a long-term factor, ... This market is going to go quite a bit higher.

We had a buy on the rumor, sell on the news sort of thing.

Wall Street is sliding and Mexico is taking it on the chin as usual.

This is a disaster for all markets in Latin America.