Reply #15: I wonder if Soros' opposition to Bush is related [View All]

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to Wall Street's grumbles about Bush's foreign policy position in Venezuela and other areas.

Stability is very appealing to investors and Bush has not been a stabilizing force in the world..... hmmmmmm.


Wall Street sees blue skies for Venezuela's Chavez
Reuters, 10.22.03, 11:47 AM ET


By Hugh Bronstein

NEW YORK, Oct 22 (Reuters) - International investors are giving Venezuela a surprise vote of confidence, buying the nation's bonds with enthusiasm that could hardly have been imagined when leftist "revolutionary" Hugo Chavez won the presidency five years ago.

Since winning office in 1998, Chavez has sent shudders through Wall Street with his anti-capitalist diatribes. But when the rhetorical dust settles after each of his infamously long speeches, fund managers see a country flush with oil export revenue and a growing track record of expert debt management.

"Even though Venezuela bond prices have gone up a lot, they still have room to go," said Jose Cerritelli, a Bear Stearns debt strategist.

Should investors keep buying? "Absolutely," Cerritelli said. (snip/...)

http://www.forbes.com/home_europe/newswire/2003/10/22/rtr1118788.html