Colombian Stock Market #2 worldwide performer last month

thur says on Dec 7, 2005, 03:30:

Stabilisation... ... is to come. I expect. 2004 and 2005 were _very_ good years on the Colombian stock exchange (so if you had money to spare and invested, you now have much much more money). But it can't go on forever, it's only speculation whether is can go up some more or will stabilize (or come down). Some bad news may scare foreign investors or 'cause a irrational downfall. Today in El Tiempo: http://eltiempo.terra.com.co/economia/2005-12-07/ARTICULO-WEB-_NOTA_INTERIOR-2644159.html (one long URL).
Greetings,

- www.pbase.com/thur

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ws244 says on Dec 7, 2005, 18:57:

money Just shows how massive U.S. aid to Colombia has stabilized the country in the past 3 years. But the building is finally slowing down, and the country is not stable enough for long term financing. The dollar is weak to the peso due to U.S. economic policy, not Colombia policy per say.

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litost says on Dec 8, 2005, 01:47:

ws244... does everything good or bad that happens have to be a result of US policy?

The aid was just as big during Pastrana years, and look at the disaster that was. Is it beyond comprehension that economic growth could actually be a result of efforts of the colombian government and businesses?

by the way, it's "per se".

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patsy says on Dec 8, 2005, 03:07:

i would like to live in colombia(cali) im based in london how do i go about this

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ws244 says on Dec 8, 2005, 12:04:

stabilization Well Pastrana's administration was going nowhere, and in order for the states to continue with their aid, things were going to have to change in Colombia. The result being Uribe. Now many will say the Americans intervened to satifsy the Colombian status quo, but the status quo is the Colombian business sector, and without U.S aid the Colombian business sector would be flat,as the aid gives the business sector social stability to do business. What is more interesting however is to see where Venezuela is going. Venezuela has many poor people, yet Chavez has bought millions in arms to protect his people, so he says. My point being with all the oil revenues of Venezuela, let us wait and see if Venezuelas poor remain poor.

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BAQ says on Dec 8, 2005, 14:58:

Take me back ! Just take me back to the GOOD OLD DAYS when the exchange rate was 2875 / 1

It's time for plan "B", everyone take out your BB guns and start shooting at that darn bubble !!!!!!

Semper Fidelis !

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ws244 says on Dec 8, 2005, 15:14:

baq Yes for plan "B" as it is expensive down there now. But sales have slowed in Bogota as well as construction, and one sees more apartments with for sale and rent signs. Plus Colombia does not have the stability nor capital to absorb 30 year mortage notes as here, so though i wish them well, the reality will come back again. Sales here are slowing down in the states.

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TACTICAL says on Dec 8, 2005, 16:25:

It will change Give it a little more time and the tide will turn. I agree with SW244, Colombia can;t afford a reputation of being "Expensive".

I think lots of people overlooked the reputation of drugs, FARC, kidnappings ect because it was CHEAP to be here, but throw EXPENSIVE into the mix and CHOW, I think people will start looking elsewhere

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