The corks are popping, new valuation metrics are confirming the buy signals, and everyone's a stock-picking genius... that is the image projected by CNBC USA (and Europe) as the Russell 2000 is now up 30.6% year-to-date. However, we can only imagine the elation, exuberance, and ecstasy that would be seen day in and day out in at CNBC Venezuela as the Caracas Stock Index rises its most in a month to a new all-time record high and is now up 312.5% year-to-date...
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Coming to another 'banana republic' soon...