Is There Money To Be Made With Russian Stocks?

I see you’re interested in buying the dip in Russian stocks this morning.
But before you do, let me try to knock some sense into that skull of yours…
Late last week, I reminded you why we bid farewell to the big Russian bear back over the summer. At the time, Russia was one of the cheapest markets in the world. But cheap can always get even cheaper—and Russia is certainly no exception. With comic book supervillain Vlad Putin manning the controls from his secret Siberian lair, the Market Vectors Russia ETF (NYSE:RSX) has dropped a cold 20% since registering its late June highs.

So you’re still looking to take a shot at Russian stocks?
Why? Because of a rapidly-plummeting ruble? Or the chance that these beaten-down names just might be finished with their largest declines?  (more)

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