IKN

saucy doubts and fears

Chart of the day is….

…the Peru IGBVL General stock market index. 
The Lima bizbods had the champagne on ice and were waiting for the moment to pop the corks and declare an All Time High for the index this week…..

….but then the metals correction came, the ATH failed by a few points, the champagne had to stay on ice (for a while at least) and a bunch of Limeños Pitucos got a dose of reality. The reality is that what happens in Peru is much less to do with local smarts and much more to do with riding the luck thrown their way by the commods bull. 

But, as they say, you’re better born lucky than rich

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