Friday, April 15, 2011


It's a little difficult to worry about the Northern markets when there's this yummy looking sandpit in which your author can go play today:

The Peru IGBVL index dumped seriously yesterday but then recovered and finished up on the day, from bottom to top a 6.8% turnaround....nothing shabby for an index. We've also had all the right soothing noises out of the Economy Ministry and a Central Bank that sold dollars for the first time in two years (U$91m), giving out a strong signal to the forex jocks that the Peruvian Nuevo Sol (PEN) wasn't going to go all Chilean Peso on us in the near future.

The rebound set up nicely for today, now just waiting nine minutes for the open. Have fun up your end of The Americas, dudes.

UPDATE: The IGBVL is 2.58% up in the first hour....a good start. Link here

UPDATE 2: Midday strikes and the IGBVL is up 4.7%. I hope you're having as much fun as we are down this way. Pip pip!