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


To: russwinter who wrote (1130)2/22/2003 5:30:30 PM
From: Real Man  Read Replies (1) | Respond to of 1301
 
finance.yahoo.com^MTMS&d=c&k=c1&a=v&p=s&t=5y&l=on&z=m&q=l

That's true, and the bull market in stocks went a long long way since 1998. When it comes to emerging markets, it's always risky. Russia is benefitting from high oil price, and there is indeed some stability. All debt? it's a bit overoptimistic, since there is more than 100 billion of debt. A lot of that debt is due soon, that's what I hear. In general, I'm not sure what will happen in the event of a market collapse here in the US. When it comes to emerging markets, they go up fast, but they do come down fast as well.
Still, some position in LETRX does not hurt.



To: russwinter who wrote (1130)2/22/2003 6:17:12 PM
From: Real Man  Respond to of 1301
 
On the other hand, I do believe that political situation in Russia is relatively stable. It is highly unlikely that it will ever revert back to communism, even if communists will go as far as to win the presidential elections. I don't think that will happen either, but you never know. Communists are still a very large fraction of the Russian parliament. The fluctuations of the Russian market, especially LETRX and TRF, are likely to be correlated with oil stocks, such as TNT