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Strategies & Market Trends : Investment in Russia and Eastern Europe -- Ignore unavailable to you. Want to Upgrade?

To: Paul Berliner who wrote (1038)	6/12/1999 1:21:00 PM
From: Rob Shilling	Read Replies (2) \| Respond to of 1301

Anybody invested in Russia ??? Have you been watching the Russian market soar ??? The RTS is at 113. It started the year at 58! There are predictions that it is just getting started. Also, note that the U.S. market has been miserable while the Russian stock market has been going up. Part of the reason IMHO, is that Russia benefits with higher inflation and the U.S. suffers. Higher commodity prices is just what Russia needs and the U.S. does not need. At any rate, look at any Russian ADR these days and they are soaring. The best movers recently have been ROS, VIP and TNT. I think the rally has a long way to go. The biggest Russian companies have a combined market cap of just over $22 billion, microscopic compared to almost any other market, especially to the developed markets like the U.S. and the U.K.