A couple of months ago, I had taken a tiny position in RSX ETF, an ETF which invest into the Russia stock market. Today, the position is down 35%, what will I be doing? Let look at the chart below.
The chart does not look great, over long term it is trending down, with price remain to be below the 200d MA. On the chart, each of the high is a lower high, and each of the low is a lower low. Russia remains to be an attractive market with one of the lowest PE ratio (about 6), the closet one to this is the China market. Russia is my favourite counter, as I like to invest in things that the crowd is avoiding.
Russia GDP has been growing healthily post the great financial crisis. No one can predict anything with certainty, people …