The Tehran Stock Exchange index continues its dramatic surge. It passed the 60,000 mark Saturday. The surge began in late October when the index passed the 30,000 mark. So, the index has doubled in less than 10 months, a remarkable growth rate for any stock exchange. Of course, it needs to be pointed out that the rial has gone from 16,000 to the dollar to 32,000 to the dollar in that very same time frame. So the stock exchange is merely keeping up with the rial’s decline. Before that, the index was stagnant for 18 months while the rial lost half its value.