Kirchner Dies, Markets Rise

Former Argentine President Nestor Kirchner has died at age 60, of a heart attack. Bloomberg reports:

Argentina stocks rose the most in two years in New York trading as some investors speculated the death of former President Nestor Kirchner will lead to a more-stable economy and reduced government spending.

His wife Cristina Fernandez de Kirchner continues as President, with his same policies, making the markets' moves somewhat puzzling. Perhaps the theory is that, until his death, she was simply his puppet and now has no puppet-master to pull her strings. Time will tell.