In South America, It’s Depressing Bar-Chart Tuesday

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La República (Lima, Peru): “Due to worldwide stock exchange crash: Pension funds at risk. Pension fund investments in the Lima exchange and abroad may be directly affected by exchange losses.” You think? The Estado de S. Paulo led its front page with the same depressing bar chart, but LR published a more comprehensive list of world bourses.

General celebration (possibly premature, but I am not an expert on such things) yesterday as the BOVESPA (São Paulo State Stock Exchange) pulled out of its nosedive (+4.45%) — thanks, according to the Estado de S. Paulo, to seriously good news for Petrobras (another big old pool of flammable fossil ooze found in deep water in the Santos Basin) and the Fed rate cut.

The Bolsa de Colombia reacted to the Fed with a similar rebound (5.18%), “similar to other international exchanges.”

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“ANARCHY IN THE USA (IS COMING SOMETIME, MAYBE): Closing values on the exchanges.” Plural. Only the IBOVESPA is shown, however. Source: Estado de S. Paulo.

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