Market Vectors Russia ETF Trust Shares fka RSX

[maksim]

Yikes... not paying off so far...

I would seriously consider your position especially since the chart is pointing to the up side right now.

[DownWithPumpers]

I am quite the opposite and would be buying shares, or writing those puts.

I agree with you. My Russian fund (LETRX) has been performing very well since I bought it a few months ago; up over 10%. The United States news media has been sharply negative on Russia and Putin since before the Olympics. It created a very profitable buying opportunity.

For many years Russia, like most other countries, has had more competent leadership than the United States.

[maksim]

What is your reasoning behind it?

What price? what strike? date?

I am quite the opposite and would be buying shares, or writing those puts.

Right now, Russia is one of the best values on stocks. What you see on the tv is just the media playing on people's greeds.

You have to be selective, for instance... do you think that anything that may happen will stop people from flying russian airlines?

Paying for cell phones?
Going on Yandex?
Stopping all use of the internet?

In reality, you have a bigger issue with the US and European stock markets, due to very high valuations.

Yes, Russia may experience a technical recession, but the stock market is way ahead of it... already extremely cheap on a valuations level. The Micex exchange, that is the russian stock market is trading at a PE of 4.46.

http://www.bloomberg.com/quote/ROSN:RM

Think about that.

[TravisHoward5]

I'm loaded up in $RSX puts

[temp luvs amy]

Putin said it well enough. Do I need to read the link?

I am a quick study on such things.

BTW, I favor Kondratiev's position on capitalism. I am an outcast, but I'm making money, so who cares?

[NYBob]

President Putin don't want the history to repeat itself -



Another way to put it......

http://politicalvelcraft.org/2014/01/30/insidious-nwo-obama-pushing-pushing-rothschildism-in-ukraine-iraq-hitler-aka-rothschild-returns-again-for-russia/

[temp luvs amy]

Another way to put it......

I made about a thousand bucks on photo ops, symbolic gestures, and talking points last week, and I expect the opportunity trend to continue.

[temp luvs amy]

BTW, the reason this hit $10 in '09 was the global financial crisis, and the world's interpretation of Obama's ability to correct it.

Thank God Ben found a printing press or we would still be worried about it. Bush's TARP did most of the hard work, but the low interest rates eventually facilitated the banks ability to pay it back.

The Big Bankers evidently understand how "easing" works on the grand scale.

One might speculate that much of Ben's injection money ended up in Russia, because of the multiples on these stocks verses the current price. They are still lacking market liquidity, which was a primary cause of our market collapse. It's not that they don't have value, it's just that nobody has the balls to buy it.

[temp luvs amy]

RSX is an ETF with a specific core portfolio of Russian Stocks.

Morningstar says:

"While this Market Vectors fund does not track the MSCI Russia Index, it has a similar portfolio, and its performance during the past three years had a 98% correlation to that of the MSCI Russia Index."

http://etfs.morningstar.com/quote?t=RSX


I haven't heard anything of those type of sanctions. I suppose there could be some forced liquidations if anything like that happened. The ETF might be able to revise it's affiliate relationships to avoid any sanctioned companies and jump through some hoops to gain compliance.

It sounds like the type of legal nightmare which all of the big bucks on Wall Street in the loop would argue against.

They might have to advise the administration against stupid irrational behavior and such. One could only hope.

The fund has a P/E near 6. You will search the globe to find this kind of diversification with that cheap multiple.

Russia shouldn't have any investment problem with that multiple. Maybe they have a PR problem. I see it all the time in the pinks. If Obama wants to leave all of that to investors from other countries, he obviously doesn't have much financial prowess.

[NYBob]

tla a Q.; RSX were down to about $10 in 2009 -
is - Market Vectors Russia ETF Trust (RSX:US)
Exchange: New York Stock Exchange -
http://web.tmxmoney.com/quote.php?qm_symbol=RSX:US
representing all share on the Russia exch.
or what?

What will the Obama trade restr. sanctions do to RSX?

http://www.theguardian.com/world/2014/mar/06/us-eu-sanctions-obama-russia-ukraine-crimea

RE: This may be a real good buy soon, not that it is not now.
How come? Why? etc.

...or will the sanctions ban RSX from NYSE trading? -
it sounds like BS will ban all of Russia trades etc.?
TIA
God Bless

[temp luvs amy]

I think it would have been nice to see a bit of evidence on the shootings. The presence of so many Nationalists among the protestors in Kiev, and the violent nature of the clashes with police should have been warning enough for innocent non-combattant citizens to get out of the way.

I saw a video of a policeman being disarmed, and then beaten and kicked for what seemed like a few minutes. I saw them throwing molotov cocktails and bricks.

Does is seem unlikely that the Nationalists would have shot their own people in a false flag operation? Were any Nationalists actually shot, or did the snipers only hit others and police?

They never convened an investigation.

[PsD]

It saddens me when we back the party that has betrayed their own constitution.

In this case it was quite obvious that there was an election and the ruling President
was overthrown. I am not sure of the legality , but it appears to me at the very least
another election should have taken place. We must be willing to accept the people's
choice, otherwise what can of Democracy is that.

They threw the President out and replaced him with a Prime Minister, that our own
ex secretary of State Madeleine Albright, labeled a Fascist on a Sunday Morning Talk Show.

[temp luvs amy]

The West seems to bring up sovereignty as some sort of reasoning for their policy.

"Sovereignty, though its meanings have varied across history, also has a core meaning, supreme authority within a territory. It is a modern notion of political authority. "

http://plato.stanford.edu/entries/sovereignty/

Ukraine violated it's own constitution when it appointed a President instead of electing a new one. It was a violation of it's own "Supreme Authority" and circumvented it's own Constitutional Court.

Russia moved quickly and apparently understands the basis.

The "Rule of Law" is not usually something that political pundits can take a vote on. It can be decided by courts. Russia took them to court, but was essentially "vetoed" by appeals.

The West is fighting with demonizing, politicking, and economics.

Russia will win with Judicial and Legal Superiority combined with Logistics.

Russia doesn't need our money as much as the West needs their gas.

Grandstanding with a bunch of cheerleaders doesn't win a football game.

[PsD]

Crimea has been a part of Russia for over three hundred years.
I worry when I see politics getting mixed with foreign relations.
Sometimes a little spark can create a horrendous war.

[temp luvs amy]

Some of these leaders need to open a new comedy channel.

Hungary doesn't feel threatened by the loss of it's Gas supply through Ukraine, because it can get some through the Chezch Republic.

I guess they hadn't noticed that the Chezch's get 70% of their gas from Russia?

[temp luvs amy]

It's very discouraging to see all of the countries lining up against them.

Crimea has been a Russian Outpost for a long time. I can't believe the nearsightedness on this side of the ocean.

So what will our govenment do if there is a secession drive in Venezuela? Reverse course, as hypocrites always do.

[PsD]

This may be a real good buy soon, not that it is not now.

[temp luvs amy]

And now: Here come the penguins.

Bloomberg says we're bullish.

[temp luvs amy]

I missed loading that dip.

I guess I have enough already.

[temp luvs amy]

Little pullback in here. Nobody interested?

[temp luvs amy]

and then parabolic.

[temp luvs amy]

So here we are. Back above the 50 day. Nice base? Maybe? I dunno?

[temp luvs amy]

I just can's stand all of the chatter in here. All of you pumpers and bashers hush up before I call the MOD.

[temp luvs amy]

Picked up some more on the dip.

[temp luvs amy]

A little consolidation here makes a nice cup and handle. RSX.

Seems like a low risk with other countries being near the tops of their ranges.

I am currently overweight basic materials, ie. Russia, KOL, BCF, CF, etc. Russia, Australia, and Canada are basic material weighted indexes.

If Japan is really going to be a bull, the basic materials need to be addressed. This is my basic sector forecast. Something needs to move within those parameters.

I had a great ride in Japan. Still own some.

[temp luvs amy]

And another continuation leg begins. RSX

[temp luvs amy]

Breakout confirmed by MICEX market index. RSX to the moon, baby!

[temp luvs amy]

Pardon my excitement. RSX

[temp luvs amy]

Are we breaking out? RSX.

Hawt.

[temp luvs amy]

That P&F chart looks like a monster wave.

http://stockcharts.com/freecharts/gallery.html?RSX

If this works out, Elliott will be proud.

[temp luvs amy]

On the move.

[temp luvs amy]

It's awful quiet in here.

[frenchee]

Looks like the consolidation is coming to an end up-down. This ETF's momentum indicators are starting to turn up. Better than a 50/50 chance the short-term bottom is in...

BTW, I'm starting to like PBW, GU, and PHO more nowdays too. Check them out if you have the interest.

[frenchee]

Global Trend: The Russian Resurgence




Russian power is in long-term decline. Compared to the Soviet Union in 1989, the Russian Federation has less than half the population, one-third the economic bulk, lower commodity production and vastly decreased industrial output. Demographically, Russia is both shrinking and aging at rates that have not been seen outside of wartime since the time of the Black Death. The educational system has stalled, so Russia is facing an impending slide in labor quantity and quality, which will make it difficult if not outright impossible for Russia to keep up with its advancing neighbors. The long-term prognosis is, at best, very poor.
But "long-term" is the operative term. Russian power today must not be measured in the terms that will dominate its existence in the future. Instead, it must be assessed dispassionately in relative terms against its neighbors and competitors. Of those neighbors, only China can compare to Russia regarding military and economic capability, and the two states are bending over backward to avoid an adversarial relationship. True, in 2009 Russia faces the most dire economic challenges since the 1998 ruble crash and debt default, but so do all the states in Central Asia, the Caucasus, the Balkans, Central Europe and the Baltics. In fact, since Russia maintains more reserve funds and currency reserves than all the states in this arc combined, Russia even maintains a financial edge over the competition. And even with the global recession placing very real limits on what Moscow can achieve financially — both at home and abroad — Russia has myriad tools that place countries of interest to it at the Kremlin's mercy. The Kremlin (rightly) fears that Russia's days are numbered, but it has a simple plan: Re-establish as large of a buffer zone around the Russian core as possible while the balance of power remains in Russia's favor.
For Russia, most of the post-Cold War era was a chronicle of retreat from previous prominence, culminating in the West's decision in 2008 to recognize the independence of the former Serbian province of Kosovo — a decision that Russia campaigned long and hard to prevent. But in August 2008, Russia invaded its former territory of Georgia and proved to the world that Russian power was far from spent, marking the inflection point on the question of Russia's resurgence. The year 2009 will be about Russia using its military, intelligence and energy might to extend its influence back into its periphery.
Russia's primary target in 2009 is Ukraine, a country uniquely critical to Russia's geopolitical position and uniquely vulnerable to Russia's energy, intelligence and military tools — and then there is the influence Russia can wield over Ukraine's large Russian-speaking population. Russia has many other regions that it wants to bring into its fold while it can still act decisively — the Caucasus, Central Asia, the Balkans, the Baltics and Poland — but Ukraine is at the top of the list.
Ukraine occupies a piece of territory that is completely integrated into Russia's agricultural, industrial, energy and transport networks. Its physical position makes it crucial to Russia's ability to project power. A Ukraine at odds with Russia constrains Russia's position in the Caucasus, limits Russian power in Europe, threatens the entire Russian core and puts Moscow within spitting distance of a hostile border. A defiant Ukraine not only forces Russia to be purely defensive, but actually makes Russian territory indefensible from the west and south, as there are no natural boundaries to hide behind. In contrast, an acquiescent Ukraine allows Russia to project power outward into Central Europe and gives Russia greater access to the Black Sea and thus the Mediterranean and outside world.
Russia lost the territory in 1992 with the Soviet collapse, but managed to keep Ukraine a political no-mans-land. In 2004, however, the Orange Revolution brought to power a government not just oriented toward the West but downright hostile to Moscow. This sparked a panic in the Kremlin that prompted a foreign policy leading to Russia's resurgence. That resurgence is now stable enough that the Kremlin feels it can return Ukraine to the Russian orbit — forcibly, if necessary.
Russia has no shortage of tools to use on Ukraine to mold it into a shape more amenable to Russian interests. Russia backs and bankrolls Viktor Yanukovich, Yulia Timoshenko and Rinat Akhmetov — three of Ukraine's four most powerful political forces. Russia supplies Ukraine with two-thirds of its natural gas and four-fifths of its energy needs, and is not shy about using that control to damage the government. Ukraine is integrated into the Russian industrial heartland, and Russian firms directly control large portions of the Ukrainian metals industries. Russian control over several of Ukraine's ports links several Ukrainian oligarchs — and some Ukrainian organized crime syndicates — directly to the Kremlin.
Ukraine is not well equipped to resist Russia's efforts. The United States has been working with Ukrainian intelligence (which is currently under President Viktor Yushchenko), sparking a fierce battle within the Ukrainian intelligence services, which spun off from the KGB. Yushchenko is trying to purge ex-KGB forces and put in younger, American-trained staff members, but the Russian intelligence surge into the country since 2004 has been massive and is hard to counteract. Other Western intelligence agencies are simply too far behind to make much of a difference; only the Turks have made a notable effort. The rest of the "Western" moves are largely limited to bureaucratized American processes, largely financial and social, which simply are no match for the powerful, multi-vectored effort that Russia is making.
Russia is perfectly capable of achieving its goals in Ukraine on its own. The natural gas crisis at the start of 2009 is a testament to Russian capability, but Moscow has shown that it is willing to accept a deal that will make Ukraine more malleable. Specifically, the United States is attempting to forge a means of supplying its growing troop commitment in Afghanistan without becoming more dependent upon Pakistan. Russia is willing to allow American supplies to transit Russia and Russian-influenced Central Asia. But the price is Yushchenko's ouster and an agreement that the United States will not parlay its transit routes across Central Asia into actual influence over the region. And just in case the United States decides to push for more, Russia has established a network of options in the Middle East to complicate American efforts there should the need arise (for more information, see the Middle East section of the Annual Forecast), and is even putting some flags in the ground in Latin America.
Under the Obama administration, American foreign policy's initial focus is on fighting the Afghan war. So the question regarding the Russian resurgence is not what the Americans will give the Russians, but how much and how publicly. This will give the United States greater leverage in dealing with what it has identified as its prime concern, but at the cost of both creating a greater challenge in the future and undermining the strength of the Transatlantic alliance structure.

[frenchee]

P&F current price obj 14.15...

[frenchee]

Double bottom starting to develop on the daily chart analogdog...

[frenchee]

RSX showing signs of a bottom...

[ETFMonster]

8 Reasons Russian ETF Has Gotten Beat-Up
December 26, 2008 at 6:00 am by Kevin Grewal

What has caused Russia and the exchange traded funds (ETFs) that track the emerging market from getting slaughtered and relinquishing any hope of a near future turnaround?

The causes for this market’s downfall are many.

First of all, there is a currency problem. The Russian ruble is depreciating at an alarming rate and the country’s foreign-currency reserves are diminishing as the authorities defend their mighty currency. In fact, the ruble has lost about 15% of its value since the summer, states the Economist. The country’s inflation is out of whack, pegged at 13.8% in November.
A second reason is the dramatic decline in crude oil prices. Crude is trading around $40/barrel and the Russian government constructed their budget accounting for $70/barrel oil. Like all others, Russia hasn’t been immune to the credit crisis, it has taken its toll on the country and its ability to access cheap loans.
To add to this turmoil, the stock market is off about 70% from its peak;
Lay-offs are accumulating;
Russian banks are being downgraded;
and industrial production is plummeting. In fact, a former Russian deputy finance minister suggests that 2009 may see a decline in GDP of about 4% for the nation.
During its golden years, Russia borrowed like crazy and used borrowed money to support higher living standards instead of diversifying, making the country highly dependent on crude oil and uncompetitive in a global marketplace.
Lastly, bail-outs aren’t working. Much of the funds of Russia’s $200 billion bailout program are going offshore, instead of unblocking the financial system, which is killing consumer confidence.
Perhaps a spike in oil prices can help the Russians buy some time and get things under control again. But will the country learn from the most recent events?

An ETF that is indicative of this drastic decline is the Market Vectors Russia (RSX), which is down 67.4% year-to-date.

[frenchee]

The United States is supporting the opening of talks between Russia and possibly resuming relations with the country through NATO, giving hope in the long-term for their exchange traded fund (ETF).

Moscow has continued to occupy the Georgian territories of South Ossetia and Abkhazia, giving way to Germany allowing work to be done on preparing Ukraine and Georgia for NATO membership, reports Steven Erlanger for The United Herald Tribune. The European Union has been making attempts to enter into a strategic partnership with Moscow.

NATO, or the North Atlantic Treaty Organization, is headquartered in Brussels, Belgium, and is a military alliance that allows a system of collective defense among its members. In response to membership, the member countries agree to mutual defense in response to an attack from an outside party.

Secretary of State Condoleezza Rice had stated there is no objection in principle by opening low-level NATO talks with Russia, however, there are reasons to be attentive to what Russia is doing and that they are living under obligations. It’s often been said that Russia needs to play nicer with other countries if it truly wants to compete among the world’s largest economies.

[OptionMonster]

Russian stock market closes for one hour following morning tumble
(Interfax, dd/11.11.2008, godz. 11:49)

Russia's two main stock exchanges were forced to shut down for one hour on Tuesday afternoon after the market opened with a sharp decline in response to trends on global markets and falling oil prices.

As of 12:30 p.m. Moscow time, the market's main blue chips were down by roughly 4%-15%. The RTS index was down 8.47% to 743.77 points, while the MICEX stock index was off 9.07% to 674.28.

Trading on the MICEX was suspended at 11:05 a.m. after the technical index fell by more than 5%. RTS trading was suspended at 12:35 p.m.

Sberbank (RTS: SBER) stock is down 14.4% on the RTS, Rosneft (RTS: ROSN) - 15.2%, Surgutneftegas (RTS: SNGS) - 11.4% and Gazprom (RTS: GAZP) - 11.1%.

On the MICEX, Gazprom Neft (RTS: SIBN) stock is down 10.1%, MMC Norilsk Nickel (RTS: GMKN) - 9.3%, Sberbank - 9.5%, Surgutneftegas - 9.4%, Gazprom - 9.1%, VTB Bank (RTS: VTBR) - 6.7%, Rosneft - 9.2%, Tatneft (RTS: TATN) - 8.3% and Polyus Gold (RTS: PLZL) - 8.4%.

UralKali (RTS: URKA) shares continue to tumble in second-tier trading, plunging 24% following a 25% decline on Monday and a more than 10% drop on Friday. The company's stock is falling because the government said the company may be fully liable for a reported 16.7 billion rubles in damages resulting from an accident at a mine in Berezniki in 2006.

Other second-tier stock on the decline includes Sollers - down 11.3% and NOVATEK (RTS: NVTK) - down 10.8%.

Moscow Unified Electricity Grid Company (MOESK) (RTS: MSRS) stock is up 5.9%, DEK - 2.7% and Lenenergo (RTS: LSNG) - 17.2%.

RTS Classic Market trading volume stood at $2.404 million as of 12:30 p.m., and MICEX volume was 5.5 billion rubles, led by Gazprom with 2 billion rubles.

[frenchee]

volume trailing off--looking for a consolidation next week...

[OptionMonster]

yes you are slacking again!

[frenchee]

Holy cow. I was sleeping while this ETF went on a short-term buy signal yesterday...

[frenchee]

Expectations low--will be a zoomer...

http://www.marketwatch.com/news/story/stocks-russia-fall-again-rts/story.aspx?guid=%7B657C0640%2DA362%2D4829%2DB8A2%2DF1929D49F978%7D

[analogdog]

Do you think that is by chance?

[up-down]

The whole Russian stock market is imploding like a US investment bank. The US's financial wizardry is destroying the world assets like a cancer.

http://www.baltimorechronicle.com/2008/101308Floyd.shtml




























Australian

[up-down]

Russian markets drop sharply in seesaw trading

By NATALIYA VASILYEVA
Associated Press Business Writer

Oct 13, 1:15 PM EDT

MOSCOW (AP) -- Russian stock benchmarks dropped sharply Monday on declining world oil prices and new struggles for control of the world's largest nickel miner, prompting trading suspensions on the country's two exchanges.

The ruble-denominated MICEX index closed 4.8 percent down at 666.4 points in Monday's session, with a one-hour suspension after its technical index - the composite of all stocks - fell more than 5 percent.

Russian state-controlled companies led the MICEX decline: Oil major Lukoil shed 11 percent; the country's biggest lender, Sberbank, dropped 9.3 percent; and state-controlled oil giant Rosneft lost 8.7 percent, causing trading for the three blue chips to be halted less than one hour before the close. State-controlled gas export monopoly Gazprom was down 8.8 percent.

Russia's dollar-denominated exchange, the RTS, plummeted 6.3 percent to 791.2 points an hour before its 6 p.m. (1400GMT) regular closing time.

Few were surprised that this happened while European stock markets were rising strongly Monday, boosted by a strong opening on Wall Street.

The world financial crisis, Russia's war in August with Georgia, and plummeting commodity prices have helped make Russian markets among the world's worst-performing. The RTS, which saw its worst one-day loss on Oct. 6, is down more than 65 percent from its May high. The MICEX has lost 64 percent.

Russia's government has struggled to keep the world financial turmoil from wreaking havoc on the nation's banking sector and the wider economy.

Russia's upper house of Parliament on Monday approved an anti-crisis package that includes increasing deposit insurance for private bank accounts and authorizing the Central Bank to provide unsecured loans to banks. Officials have promised the adopted measures would be enforced by Wednesday.

Prime Minister Vladimir Putin said Monday the state-owned Vnesheconombank would receive $50 billion to refinance the debts of Russian companies. Russian corporations are estimated to have $45 billion due for repayment by year-end.

Vnesheconombank said it had received applications to refinance more than the $50 billion it has been given. It did not elaborate.

Russian stock exchanges were open Monday for the first time since regulators halted operations Thursday after a roller coaster week.

Sergey Karykhalin, chief analyst at Moscow-based investment bank Kapital, said Russia's market was reacting to declining oil prices, which hovered at $80 a barrel Monday. Russia supplies one-third of the European Union's oil and 40 percent of its natural gas.

Investors also were watching aluminum giant Rusal's call for an extraordinary meeting of the board of directors at Norilsk Nickel, the world's largest nickel miner, Karykhalin said. The company is the subject of an ongoing tug-of-war among some of Russia's wealthiest men and the corporations they control.

"Overall the upward movement on Asian and European markets has kept Russian (stocks) from plunging even deeper," he said.

MICEX opened with lofty gains initially on the anticipation that the government would start buying stocks after Putin announced government plans to buy domestic stocks this week.

Karykhalin noted that state-owned blue chips were the biggest gainers on the MICEX. He said the government will want to buy stocks on the MICEX but will try to do it quietly to avoid speculators pumping up prices.

Andrei Kilin, portfolio manager at Troika Dialog, said that Monday's trading volumes were not large enough to indicate state intervention.

"This purchase is not evident," he said. "Until the market sees strong buying, hardly anyone will be purchasing in anticipation."

"Cash-stripped speculators have no financial resources to play on the market rebound," Kilin said.

Government assurances and pledges of financial aid have failed to restore investor confidence, he added.

"The market has absolutely no trust in anything or anyone. People want to get away from this market."


http://hosted.ap.org/dynamic/stories/E/EU_RUSSIA_MARKETS?SITE=RIPRJ&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2008-10-13-13-15-48




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[analogdog]

had a feeling this would get ugly.

[frenchee]

congrats if you shorted this etf!

[frenchee]

Taking Our Cues From Russia?

Whether or not you agree with the recent actions by the US Federal government, it's hard to argue with the statement that it is beginning to look a little like Russia. We all remember the headlines in 2004/2005 when the Russian government seized control of Yukos alleging that the company owed billions in back taxes. Then in July, BP had to pull out of its energy joint venture in Russia citing 'sustained harassment' on the part of Russian authorities. Just as Russia has been taking control of its energy companies, over the last two weeks the US government has taken over Fannie Mae (FNM) and Freddie Mac (FRE) in our nation's financial sector. And the similarities don't just end there.

Last Friday, the Russian government announced that it would buy $20 bln worth of equities for each of the next two years. Now less than three days later, we are seeing headlines that the US government will also take equity stakes as part of their 'compensation' for the $700 billion government bailout. Now we all remember when President Bush said he found Vladimir Putin to be a 'very straightforward and trustworthy' person who was 'deeply committed to his country and the best interests of his country.' But taking our cues from Russia? That may be taking it a little too far.