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Feb 19 2008 12:00am EDT
Chart of the Day: Castro Out, Money In
Trading volume into the Herzfeld Caribbean Basin Fund, "which aims to profit from the resumption of U.S. trade with Cuba," is up a whopping 215 times since this morning's announcement that Fidel Castro will end his 49-year reign as the country's leader. Shares in the fund have zoomed 20 percent on the day.
(Source)
Thomas Herzfeld, who runs the Basin Fund, also has filed S.E.C. documents for a Cuba-only fund once relations with U.S. are normalized.
And a bonus chart: The "Castro Will Return to Power in Cuba" contract from NewsFutures.
