With the world watching mouth open at the 30% gains in the US equity market (and 57% gains in Japan), the Venezuelans are cock-a-hoop at their wealth-generation this year… a sprinkling of totalitarianism, nationalization, toilet-paper shortages, and hyperinflation and, drum roll please… the Caracas Stock Index is up a disappointed-not-to-make-it-to-500%, 480% in 2013… (time to greatly rotate and chase that momentum)…
Think of the confidence this must be inspiring…
and a little context… (because it could never happen here or Japan…)
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via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/iH-6Zv0p1jQ/story01.htm Tyler Durden