Every once in a while this investment game, normally a headscratching pursuit of fear, greed, doubt and hindsight, suddenly becomes very very easy indeed. That's because every now and again you get to see in advance the exact day when a a market-turning event is going to happen and can plan for it accordingly.
Thanks to eagle-eyed reader MR, today we can note that the Peruvian stock market is about to reach its peak price in around two weeks' time and will then become the raging short opportunity of the year. Here's the link MR sent on and here are the first couple of paragraphs:
Thanks to eagle-eyed reader MR, today we can note that the Peruvian stock market is about to reach its peak price in around two weeks' time and will then become the raging short opportunity of the year. Here's the link MR sent on and here are the first couple of paragraphs:
June 3 (Bloomberg) -- The first Peruvian Exchange Traded Fund will start trading on the New York Stock Exchange by the “middle of June,” said the chief executive officer of Global X Management Company LLC, a New York-based asset manager.
“The stock market has risen a lot, investors are bullish, and that’s helping us because we want our product to be liquid,” Bruno del Ama, the New York-based CEO of Global X, said in a phone interview. ‘We’re giving access to the Peruvian market and in the future people can go short in Peru, which is an option that doesn’t exist today.’’
Bet your watch that the Lima locals will run the bourse up and make sure all newbies into the market will make an investment they'll remember for a long time.....