Hot Argentine Stocks: Merval Index Soars
By: ALAN R. ELLIOTT, INVESTOR'S BUSINESS DAILY
While U.S. markets crept into March like lambs, Argentina's Merval came out like a tiger — up 3.6% for the week, putting the index ahead 16% so far this year. It clobbered the Nasdaq's 0.6% dip for the week as well as its 4.1% year-to-date gain. Closer to home, Brazil's Ibovespa Index slipped 3.1% last week and is flat for the year. In Chile, the Santiago exchange's IPSA dipped 1% for the week and, since Dec. 31, is up 2.2%.
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