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Bearish on BRIC

I sold my position in an ETF traking Russian index DJ Rusindex Titans 10.

BRIC indexes are likely to hit hard if there will be a double dip / new recession. And I believe there will be soon enough. I don't think the situation is "normal" as interest rates are abnormally low AND most of the western world has unsustainable deficit levels. Not to mention the overly bullish sentiment.

Each passing week I have become more bearish.

The full post:

Disclosure: Long ETFs tracking India and China