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viernes, 3 de enero de 2014

IBEX a 2.737.000 ????




Jajaja, lo veremos algún día???

Envidia me dan nuestros amigos de Venezuela que tenían a su bolsa cotizando a esos niveles y.....han tenido que hacer un split 1000: 1




Since nobody talks about the massively successful Venezuelan stock market, which in the modern era is second only to the even more "successful" Zimbabwe stock market, it bears noting that earlier today, quietly, the Caracas stock market announced it would proceed with a 1000 for 1 stock, er, index split.
We assume this happened because according to the "specialized technical report prepared by experts in the area of market organization", an index trading at 2,737 appears more attractive to a toilet-paper deprived population than its identical version which however has risen to 2,737,000.
Of course, we give the post-split index a few months before it hits its previous absolute record level. At which point it will be rinse repeat. However, at least the local
"experts" will constantly keep removing zeroes from the benchmark number thereby giving the impression that all is well.

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