Saturday, May 21, 2011

M^3 (Major Market Move) - Venezuelan Stock Market

Today's M^3 (Major Market Move) featured item is the Venezuelan Stock Market index which is up 20% since the end of January.

I don't have a break down of individual Venezuelan equities so I can't say definitively which industries are driving this move higher, but the most likely culprit is the rise in the price of oil. Incidentally, the Venezuelan market is the best performer over that time frame (end of Jan until now).

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