With all the chatter about the S&P 500’s epic run of 380+ days above the 200-day simple moving average, we thought we’d post this stat: the Venezuelan IBC Stock Index just ended a streak of 1,261 days above its 200-day SMA!

Now that’s how you do the wealth effect! (nevermind the *official* 30% of the population living in poverty. Oh, and don’t mention the country’s 57% inflation rate either.)