Thursday, October 28, 2010

Nestor Kirchner dies, Argentine stocks take off

Yesterday, while waiting with his wife, current Argentine president Cristina Fernandez, at home for the census worker to count them, former Argentine president (and possibly the next Argentine president) Nestor Kirchner died of a heart attack.

Though Kirchner was definitely not "pro-business", he stabilized his country's economy and helped bring it back from the brink of total implosion.  And what was the stock market's reaction upon hearing of his passing yesterday?  Immediate 7 to 16% gains.  How about a day of mourning first before dancing on top of his grave, ches?

P.S. According to my Rides of Heads of State series, Kirchner was the only head of state to ride in an Audi A6.

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