Market Vectors Russia ETF (RSX)

All Comments on RSX

  • commenter
    User 256461
    Sep 05 03:24 PM
    Hedge Fund Manager's Notebook: Blood on the Streets - Buy Russia [view article]
    "somebody ought to figure out how much russia defaulted on monies owed since ww1"
    -Very little. The major default was in 1998, with the help of seven years' worth of yankee "advice" on restructuring their economy. After Putin came to power, the country paid back all debts ahead of schedule in 2003 and is now a net creditor.
    "Russian population will be only
    100 million in 40 years."
    -Population projections indicate that the population will stabilize around 135 million within 5-10 years before starting to grow again.
    "Europe only buys 25% of gas in Russia."
    -No, you're wrong. Europe buys around 25% of oil from Rus and 40% of gas from Rus. Replacing both would be difficult, especially gas, because infrastructure doesn't exist. From what I hear, European customers (e.g. Germany) have good relationships with Russian suppliers. The only problems that crop up are in places where pro-American governments have been installed (Ukraine, Georgia, Poland).
    -If you want to understand the mindset, you first need to understand that it's not business as usual. There's a long term goal over there of modernising and rebuilding the economy. That means that cash cow industries like the energy industry will be used to fund the whole process, preferably without foreign involvement (why would they want foreign companies sending profits out of the country if Russian companies can do the same projects and keep the profits within the country?). I agree with some posters that the mindset is a little strange - perhaps paranoid and oversensitive, and working with Russians can be a bizarre experience. The right approach is patience. The country has huge natural resources, a stable government, a highly educated population, and has made strong advances in IP rights, taxation reform, corporate law, etc. over the last twenty years. Even the CIA Factbook says so. I think much of the negative image in the Anglo-American world has to do biased media reporting, rather than actual events in Russia. I watch news channels from a dozen countries around the world and the only ones that inevitably portray Russia as evil, corrupt, repressive, etc. are CNN, Fox, and Sky. Don't let yourselves be brainwashed.

    Reply
  • commenter
    OldLimey
    Sep 05 02:46 PM
    Friday Outlook: Commodities, Emerging Markets [view article]
    Great stuff Mr. Fry. What with a reference to the McCoys a couple of weeks back and a quote from Dylan today, I'm guessing your target demographic has grey (or no) hair!

    Comment on XLI yesterday and today about not making stuff any more goes to the heart of the problem that both the US and the UK have created for themselves. I was walking down a shopping street on the edge of a (still - just about) fairly prosperous English county town today. It's a traditional 'High Street' - no malls, and probably as such soon to become a UNESCO World Heritage site. Of around 30 businesses 5 were coffee shops, 7 were banks or building societies (i.e., thrifts), 6 were estate agents (i.e., realtors), 3 were supermarkets (selling a bit of British stuff, but mostly produce from the other side of the world), and 4 were clothes stores (selling stuff made anywhere but Britain). Doesn't auger well.

    Of course, we're world leaders in financial products (sic)!! I know it's small potatoes compared to the US, but until the credit crunch hit there were over 15,000 different mortgage 'products' on the market here. Now there are 'only' 5,000 and apparently that's the end of the world. Is it me....?     Reply
  • commenter
    Donaldo
    Sep 05 02:21 PM
    Friday Outlook: Commodities, Emerging Markets [view article]
    Er... wpdragon,
    Y'ever heard about the lesser evil being the adult fact of life in a general election? 4 more years of destruction by McCain? 4 new years of UTTER destruction by Obama sound better?     Reply
  • commenter
    wpdragon
    Sep 05 12:12 PM
    Friday Outlook: Commodities, Emerging Markets [view article]
    Great post sieraromero... the RNC is now filling the boards here with more of their hate filled socialist-marxist terrorism garbage every time they mention Barack Obama, because they're terrified the We the People understand what they are in denial about... that George W. McCain is nothing but 4 more years of destruction of our American way of life and Constitutional freedoms.
     Reply
  • commenter
    dc1
    Sep 05 11:51 AM
    Friday Outlook: Commodities, Emerging Markets [view article]
    Thanks again. Great quote from T.J. Love the comments. Reply
  • commenter
    Anti- David
    White
    Sep 05 11:42 AM
    Friday Outlook: Commodities, Emerging Markets [view article]
    Hey Fry-guy,
    Keep truth coming. Clearly this David White fellow has already drank the the kool-aid. It's too late to save him. And speaking of drinking the kool-aid... ol' "sieraromero"... is a lunatic. Thanks for making the rest of us more idiotic be reading your post, sieraromero.     Reply
  • commenter
    User 145883
    Sep 05 11:35 AM
    Friday Outlook: Commodities, Emerging Markets [view article]
    GS sees SPY 107? Great, now I know the market will rebound. Great GS call on that crude at 200!

    What a joke they are.     Reply
  • commenter
    David White
    Sep 05 11:17 AM
    Friday Outlook: Commodities, Emerging Markets [view article]
    I think I am noticing a connection between the Euro/US Dollar and POT. When the Euro goes up relative to the US Dollar, POT also seems to go up, and when the Euro goes down vs. the US Dollar POT seems to go down. I am wondering if some brokerage firm or firms are doing some kind of arbitrage on this???? Reply
  • commenter
    David White
    Sep 05 11:12 AM
    Friday Outlook: Commodities, Emerging Markets [view article]
    Another notable Cramer call was to get rid of Garmin at the right time. A lot of people were following this. He has been recommending it for a long time. He said to get rid of it by Christmas. He was about as right as it was possible to be. Reply
  • commenter
    David White
    Sep 05 11:06 AM
    Friday Outlook: Commodities, Emerging Markets [view article]
    He does cherry pick winners. However, he did clearly have his four horsemen a year ago that really did do quite well.

    Reply
  • commenter
    David Fry
    Sep 05 11:02 AM
    Friday Outlook: Commodities, Emerging Markets [view article]
    "He sticks his neck out a lot". Yep. One guy with bells, whistles, horns and a big mouth makes several thousand buy/sell recommendations then cherry picks the winners from the lot.

    Education? It's a "show".     Reply
  • commenter
    sieraromero
    Sep 05 10:43 AM
    Friday Outlook: Commodities, Emerging Markets [view article]
    Please note that all of the markets are hitting new lows at the same time of the GOP convention. This shows that they will keep the course following the disatrous GOP platform indicative of the Bush/Cheney regime that has completly sucked most of the life out of this countries lower and middle classes. Reply
  • commenter
    RCA
    Sep 05 09:36 AM
    My Website
    Things Aren't Good - Fast Money Recap (9/4/08) [view article]
    RE: "The Wells Fargo news is scary because it proves the banks can't raise capital."

    What Wells Fargo news? Reference please!     Reply
  • commenter
    kkin365
    Sep 05 09:30 AM
    My Website
    Friday Outlook: Commodities, Emerging Markets [view article]
    What low is GLD testing? Reply
  • commenter
    Online
    Trading
    Sep 05 08:26 AM
    My Website
    Global Stock Markets: Going Nowhere Fast [view article]
    Great call. I think the lasy few days have shown that we are still in a nervous period with any bad news causing chaos, but really... a seven hundred point drop in the Dow... is it really that bad.... Look for next week to give back some of these losses. Reply
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