its true, good run. give some credit where it is due... but beware:
Quote:
Caracas Stocks shrug off threats
Caracas stock shrugged off the threat by the new
Minister of Finance to limit the profits of private
companies by rallying 13.7% during the shortened
week, with the Caracas Stock index closing at a new
all time high of 59,413. The top gainer was Banesco,
which in the first week of the year gained what we
expected it to rise in all of 2007, with the stock gaining
70.7% or Bs. 176 in just a single week to close at Bs.
425. Other strong gainers were Banco provincial which
added another 25.5% this week closing at Bs. 3,000,
Banco Venezolano de Crédito, which rose 15.13% this
week to close at Bs. 4,490, Manpa, up 12.3% at Bs.
210 and Cemex Venezuela I which closed at Bs. 1,345.
All stocks covered by us rose this week, for the second
week in row.
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this is my analyst's report on the venezuelan stock-market situation. I would hesitate to give Hugo Chavez the credit for having steered these spectacular returns, with his <shall we say> "peculiar" economic model. Stats are stats. They tell us SOMETHING, but it is not always straightforward pinning down EXACTLY what they are telling us.