Investors are sitting on profits in Mexico and are taking them now, given the nervousness in Argentina. I do not think this signals a fundamental change in the long-term trend in Mexico.

In general, the passage of the budget is expected to go smoothly, given it contains little that is new or controversial.

The worst mistake investors make is taking their profits too soon, and their losses too long.

Every week we are meeting with U.S. investors precisely because we do not want to generate nervousness, and so far the Mexican stock market has not changed greatly. We are going to be very prudent to transmit a message of calm.

Overbuying of China stocks was obvious in the last two weeks. Investors are taking profits gradually, but some are still chasing laggards such as commodity stocks.

For many years, Mexico was not a desirable place for investors because it was very reactionary to political ups and downs. But now both domestic and foreign investors are more mature.