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Retired chief investment officer and former NYSE firm partner with 50 plus years experience in field as analyst / economist, portfolio manager / trader, and CIO who has superb track record with multi $billion equities and fixed income portfolios. Advanced degrees, CFA. Having done much professional writing as a young guy, I now have a cryptic style. 40 years down on and around The Street confirms: CAVEAT EMPTOR IN SPADES !!!

Monday, January 28, 2013

Russia Stocks

Back on 12/5/12, I posted that the Russian market had some fundamental pluses in store for
2013, and that stocks had some potential. Well comrades, the market has made a fairly strong
move. Back then I pointed to the way the Russian market was shadowing the Euro stocks,
the EU being an important trade partner, and in today's update of the RTSI chart, I compare
it with the oil price. RTSI Chart  You will note that the market has no serious resistance
until the 1750 level but also note this baby is getting overbought in the short run.
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