Weekly Update | August 19, 2011 Sometimes it takes a surge in chaos to spot an investing opportunity. While Obama castigated the rating agencies for their poor timing on the downgrade of U.S. debt, this did not stop a further wave of public credit grade reductions. In the United States, shortly after it downgraded the Treasury’s debt, S&P Standard and Poor's knocked down the ratings of more than 11,000 public finance issues to keep them in them line with its newly lowered rating on federal government debt. The issuers included municipalities, public finance housing authority issuers, public finance debt issues with mortgage insurance from the Federal Housing Administration in addition to mortgage revenue invested in short-term instruments guaranteed by the U.S. government. By this week’s end, the dust is already settling a bit from the latest downdraft caused by Europe’s debt woes. Investors are accepting the slower growth reality we've been talking about here for the developed countries, the U.S., Europe and Japan. So considering the current trend for sovereign debt upgrades in Latin America, the question of where to direct your international investments should be a no brainer - emerging markets like Latin America and Southeast Asia. Read more about this in the attached weekly update and ... Happy trading this week! Rudy The market-leading stocks during this volatile week in Latin America included: Industrias Bachoco, S.A.B. de C.V. (NYSE:IBA) +10.2% Companhia Brasileira de Distribuicao(NYSE:CBD) +7.4% Companhia de Bebidas das Americas (NYSE:ABV) +7.1% Braskem (NYSE:BAK) +5.7% Cosan Limited (NYSE:CZZ) +5.6% If you can not see the file download button and link below for this posting it is because you are not logged in. Login or subscribe to see and download the latest trade ideas. It takes only 2 minutes to subscribe.