• Sprott Money
    04/29/2016 - 05:58
    There is unfortunately no basis for renewed optimism that this current litigation will have any meaningful impact on precious metals manipulation – with respect to either silver or gold.

And The Best Stock Market Of 2013 Is...

Tyler Durden's picture


With the world watching mouth open at the 30% gains in the US equity market (and 57% gains in Japan), the Venezuelans are cock-a-hoop at their wealth-generation this year... a sprinkling of totalitarianism, nationalization, toilet-paper shortages, and hyperinflation and, drum roll please... the Caracas Stock Index is up a disappointed-not-to-make-it-to-500%, 480% in 2013... (time to greatly rotate and chase that momentum)...


Think of the confidence this must be inspiring...


and a little context... (because it could never happen here or Japan...)

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Tue, 12/31/2013 - 12:22 | 4288491 VD
VD's picture

meth and central planning: match made in heaven/hell

Tue, 12/31/2013 - 12:24 | 4288522 malikai
malikai's picture

Anctiously awaiting the 'best asset of 2013'.

Tue, 12/31/2013 - 12:31 | 4288541 VD
VD's picture

hint: you black out from it, it's so good....

Tue, 12/31/2013 - 12:39 | 4288578 kaiserhoff
kaiserhoff's picture

And the currency is now worth less than my dirty socks?

Tue, 12/31/2013 - 12:48 | 4288631 disabledvet
disabledvet's picture

It's possible your socks are worth more actually. I recommend going with a back up set of clothes so you can sell what your wearing to pay for the trip.

Tue, 12/31/2013 - 12:54 | 4288651 Pladizow
Pladizow's picture

Arepas for everyone!

Tue, 12/31/2013 - 13:16 | 4288707 VD
VD's picture

maybe those market participants had prayed a lot more than the others¿¿¿ yes, that must be it...

Tue, 12/31/2013 - 13:25 | 4288746 Frozen IcQb
Frozen IcQb's picture

When it comes to wrecking the economy and creating inflation, the Fed people are amateurs compared to Chavez & Son.

Tue, 12/31/2013 - 12:49 | 4288634 Skateboarder
Skateboarder's picture

Some day you won't be able to pay enough FRNs for dirty socks. Wherever I am, you will hear my lols that day.

Tue, 12/31/2013 - 12:30 | 4288552 Indian_Goldsmith
Indian_Goldsmith's picture

Best asset? Presidency of Venezuela

Tue, 12/31/2013 - 12:22 | 4288493 TeamDepends
TeamDepends's picture

Sure, because the power was out on the down days.

Tue, 12/31/2013 - 12:20 | 4288496 Debtonation
Debtonation's picture

Too bad they can't buy any toilet paper with all their profits.

Tue, 12/31/2013 - 12:34 | 4288556 Indian_Goldsmith
Indian_Goldsmith's picture

Too bad electronic currency cant be used to wipe ass after shit

Tue, 12/31/2013 - 12:23 | 4288498 Dr. Engali
Dr. Engali's picture

Now there is a man who knows how to print. Maybe old Yeller needs to take a few notes from their central banker.

Tue, 12/31/2013 - 12:26 | 4288515 Agent P
Agent P's picture

Still, not a very good year for Hugo Chavez. 

Tue, 12/31/2013 - 12:26 | 4288528 Temporalist
Temporalist's picture

I used my last 100,000,000,000,000 Zimbabwe bank note to purchase the entire Caracas stock market.  Should be my best investment ever.  Can only go up now that I own it all.

Tue, 12/31/2013 - 12:29 | 4288529 firstdivision
firstdivision's picture

Chart looks like radiation levels for most of northern Japan for the year.

Tue, 12/31/2013 - 12:29 | 4288542 bagehot99
bagehot99's picture

How does it look, inflation-adjusted?

Tue, 12/31/2013 - 13:06 | 4288549 khakuda
khakuda's picture

It makes the 500 S&P points since last November seem insane, just less so.

Monetary policy seems to be of the mindset, "We'll just keep printing until we create a huge bubble and it pops>"

Tue, 12/31/2013 - 12:39 | 4288582 Kaiser Sousa
Kaiser Sousa's picture




Tue, 12/31/2013 - 12:44 | 4288597 orangegeek
orangegeek's picture

if you say it fast enough, caracas sounds like crack ass

Tue, 12/31/2013 - 12:44 | 4288616 eddiebe
eddiebe's picture

Fuck, now you tell me, and I missed that one too.

Tue, 12/31/2013 - 12:46 | 4288624 firstdivision
firstdivision's picture

Buying some USO and selling SPY into the new year!  Peace out bitches!

Tue, 12/31/2013 - 13:09 | 4288639 TheRideNeverEnds
TheRideNeverEnds's picture

people that like to short are soon to realize the meaning of infinite risk here in the USA also.


2013 was just a warmup, we will probably be up 2-3x this years move next year especially after the first sign of correction is met with frantic printing from yellen.  


how many points do you think the S&P will go up the day she announces the next increase in QE?  I am betting 100.

Tue, 12/31/2013 - 12:57 | 4288654 Quinvarius
Quinvarius's picture

I am surprised the BIS, Treasury, and Fed are not shorting it to make the dollar look better.

Tue, 12/31/2013 - 13:14 | 4288700 q99x2
q99x2's picture

30% is probably close to the actual devaluation of the dollar after FED transfers to foreign banks and counterfeiting. It will take a little while to actually hit the end user.

Tue, 12/31/2013 - 13:32 | 4288748 SheepDog-One
SheepDog-One's picture

My gun collection is probably worth more in reality than the Caracas stock market, and just wait until the day all the stock holders suddenly realize they're holding nothing but worthless IOU's....that will be funny.

Tue, 12/31/2013 - 13:42 | 4288775 CcalSD
CcalSD's picture

Where's the ETF for this one!?

Tue, 12/31/2013 - 15:07 | 4289099 dwayne elizando
dwayne elizando's picture

Make it a triple leveraged ETF! Max out your credit cards buying options on that triple leveraged ETF for a real win!

Tue, 12/31/2013 - 15:23 | 4289157 Kirk2NCC1701
Kirk2NCC1701's picture

For those with a fully developed Prefrontal Lobes, the "Best Asset of 2013" was...[drum roll]... BTC!

The rest may attack and have hissy fits.

Tue, 12/31/2013 - 21:19 | 4290029 Kelley
Kelley's picture

My those tulips look lovely!

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