Buenos Aires stock market plunges 7.2%, and the US dollar recedes slightly

Friday, October 3rd 2014 - 07:17 UTC

Full article 3 comments

The day after Argentina's central bank governor Juan Carlos Fabrega stepped down, investors expressed their pessimism as Buenos Aires City stock market, Merval, which plunged 7.2% to 10,703.32 points on Thursday. Read full article

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chronic
rotting roadkill equities are a bloated tick. The entire market run up is an inflation/calamity hedge driven enterprise as the fundamentals of each and every component is negative on the last several quarters. The money has to be somewhere. From a political capital risk analysis perspective rotting roadkill is now firmly entrenched in the middle of the pack in the group of the most unstable states. Emerging market ratings are the cartoons crafted from the psycho hallucinogenic style ravings of multimillion dollar induced whores posing as risk analysts.
Oct 03rd, 2014 - 10:18 am - Link - Report abuse 0
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Captain Poppy
A little pictorial of what can be purchased for what price in Venezuela, an snapshot into Argentina's future:

http://finance.yahoo.com/photos/venezuela-s-surreal-prices-1412257767-slideshow/

Sneakers......almost 1,200?
Oct 03rd, 2014 - 02:43 pm - Link - Report abuse 0
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chronic
The neither rotting roadkill or its stock exchange is of any consequence to anyone other than rotting roadkill. It is infinitesimally small. Let's go straight to the numbers.

Per the World Federation of Exchanges' September 2014 report, the market capitalization of the entire BCBA was 00.34% of that of the NYSE using the b l a n c o rate or in actuality - 00.18 percent.
Oct 03rd, 2014 - 04:27 pm - Link - Report abuse 0
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