Mexican stocks were hammered on the back of the sharp sell-off in U.S. markets. There was no two ways about it.

Mexico decided to follow the Nasdaq down discounting positive news on the U.S. elections, plus the market had some catching up to do to Tuesday's drop on the Nasdaq and Latin markets, when Mexico was closed.

He got hammered, but there was no call.

There are no good or bad stocks. The company is either good or bad. Stocks are just stocks.

Judging by the sharp fall, you could say there was a moment of panic, but we didn't stay at minimum levels for long. It just looked like some wanted to square their positions at any cost.

We've seen a sharp sell-off, bond markets have risen strongly, equity markets have basically collapsed very, very quickly.