Going on Standby/Hold mode on Argentine stocks
The Argentine ego will break. In the end they are driving themselves so poor (or in other words, the world keeps moving ahead, and they are just stuck in the mud) that eventually another mini-crisis might wake these people to the learning process which they need to embrace to come up in the world. I saw that with India in 1991-the closed socialist economy gave way to capitalism; and the Indian standard of living has been improving ever since.
I do not see that happening in Argentina right now. In how long? Maybe another 3-10 years. But as a stock market investor/trader-that is dead money for a while. And worse, they may need another crisis to wake up, which won't be fun for Argentine markets.
For now, I am in a wait and see attitude to what the Government and the private industry does with the country.
Sanjay John G.