Short post today. This week's economic news has put many people at pause. It's time to close some positions and wait this out. I took a bit off my S&P 500 ETF position (SPY) this week as the index has risen without much of a breather since early March.

I also exited Southern Copper (PCU) for a 74% total gain. Although the CEO recently said copper could hit $4/lb, I'm not going to be greedy.

It was late last September when America Movil (AMX) turned up in one of my screens. I'm still analyzing the company and broader economic picture of Latin America. There are few things to digest which is taking longer than my usual analysis of a US based company:

- The mobile wireless industry within Brazil and the surrounding region

- America Movil's running capital expenditure and debt loads

Borders continues to shed and trim its operations. An article was published this morning stating the chain will close more stores come January. The one thing Borders may not be able to shed so easily will be its debt load. It will be interesting to see how the company is doing with its cash flow when they report November 24th. With current liabilities close to $971m, their current ability to