The Wall Street Journal reports that Chile's Blue Chip Index, IPSA, has surged 0.6% on the outcome of the second round in yesterday's presidential election.
With the substantial bolstering of financial markets in Panama after the election of Ricardo Martinelli and now the same happening with the victory of Sebastian Piñera in Chile, other Latin countries with elections on the horizon (especially Peru and Colombia) will hopefully be following suit. For a region that has suffered mightily under the hands of interventionist governments, the healing process is beginning, and the economic future of Latin America appears to be getting better by the day.
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