Starting back in early Dec. last year I gave the Russian market a little tout. There
was a good trade there, but on Jan. 28 I posted the market was clearly overbought.
However, to my surprise, the market has dogged it since then what with a difficult
early winter economy and an oil price that has basically been flat since year's end
2012. The market did a little better this week on a rebound in the oil price and it
is still oversold. I continue to mull over the prospects for the oil price, so if oil
bounces up some more, I may well miss a corresponding rally in the volatile Russian
stocks until I have more solid bearings around the petroleum market. RSX Etf
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