Friday, May 20, 2011

Chart of the day is....

...the Lima IGBVL General Index, year to date.

What the Lima stock market action is saying is, "We think Keiko wins, we're not sure Keiko wins, so we're pricing in more Ollanta downside (4000 points to 18,000) to Keiko upside (2000 points to 24,000) right now." Pretty impressively calm at 22k or so these last five days as well, especially with just over two weeks to go in a tight race. Money talks and bullshit walks.