Stock Market up 600%, but no Toilet Paper
Posted on June 19th, 2013
Nothing illustrates the point that the stock market doesn’t always reflect properly the underlying strength of an economy than the Venezuelan stock market.
Scarce basic necessities, but a stock market up over 600%. Disconnect?
Bubble? Probably a yes on both.
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The Dow Jones Industrial Average is an unmanaged, price-weighted index of 30 large capitalization stocks with dividends reinvested.
The Standard & Poor’s 500 Index (“S&P 500”) is an unmanaged, market capitalization weighted index of 500 widely held stocks, with dividends reinvested, and is often used as a proxy for the stock market.
The Nasdaq Composite is an unmanaged, market capitalization weighted index of stocks listed on the Nasdaq Stock Exchange, and are reported as price return without reinvestment of dividends.
Indexes are often used as a proxy for the stock market and cannot be invested in directly.