Russia Soaring

For whatever reason, we've been hearing calls lately for Russia to lose its BRIC status because it's not in the same league as Brazil, India, or China. While some might take offense to this, other investors in Russia probably don't care as long as its stock market continues to perform like it has in recent months. As shown below, Russia's RTSI index has soared to new 2009 highs over the past few days, and it is now up 117% year to date. For comparison's sake, India's Sensex is up 72.5% YTD, Brazil's IBOV is up 70%, and China's Shanghai Composite is up 60%.

Comments

[LaChic:]

So, what's the problem? Russian now is the largest producer of oil surpassing the Saudis, so more power to them, I have made plenty of money buying and selling the Russian ETF RSX.

Oct 10 05:53 PM

[theboyplunger:]

Russia only going higher as metals and oil continue to climb. The Russian populus is not buried in debt like the West which will also lead to exceptional returns.

Oct 10 07:46 PM

[LaChic:]

has anyone read the Bam investors articles? those folks are predicting a market crash within 2 to 5 months, and oil down to 36 PB, me, i just go with the flow and watch what i trade, and pull out as soon as i see trouble. Trailing stops are the way to go, let your winners run..

I tend to agree with the Bam Investors web site, we are a jobless recovery, and that cannot be any good next year.

Oct 10 10:05 PM

[Gold Bug:]

Russia ready to abandon dollar in oil gas trade with CHINA
Read Article :
economycollapse.blogsp...

Oct 17 03:27 AM

[Poland Invest:]

Just talk, but nothing happens.
Russians are not gonna to use RMB, China will not like
Russian Rubles...
Are they going to barter ?

>Russia ready to abandon dollar in oil gas trade with CHINA

Nov 04 01:24 PM