How To Recognize — EPIC FAIL ?

Caracas stocks reached a record 52 week high on essentially very little volume, as financial stocks rose, but the absence of most brokers after the largest and most important were taken over by the government has ground activity to a halt, making specific changes in prices essentially irrelevant.

Volume was so low that just a few thousand dollars were traded all week for any local issue.

Three stocks moved up: Banco Provincial, Sivensa and Mercantil Servicios Financieros.

The Caracas Stock Index closed at 63,281, up 14.90% for the year, but down -42.55% in US dollar terms after a January devaluation.

Any similarity to Obammunsim is purely accidental.

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