That Putin dude is creepy.
He is on the cover of Time Magazine as ‘Person of the Year’. Please. Guy is a total Napolean. Small man’s disease and right place right time. I am sure he is a smart guy, but come on Time. Russia is part of a ginat commodity boom and sweeping trend of wealth that had to trickle down even to this forever [email protected]#ked up nation.
The stock chart says the same thing …undecided. It has been a wonderful few years for sure and the stock price is in no man’s land, but still in a massive uptrend.
I have traded the country ETF well in the past . I have no position right now.
My friend Tim Post, who I follow on Twitter , lives and works abroad in Russia. I trust his instincts on the country. He obviously believes…he lives there.
Here is his 2008 prediction on Twitter:
New Year’s Prediction: Putins resigns. Medvedev is President. Putin Prime Minister. Medvedev wins in March. Putin resigns as Prime Minister.
More important Tim …What would that mean? Are you long the market or short?
Tim also just twitted that 80 percent of the people vacationing at Val D’Isere Switzerland are Russian.
That’s some major wealth being accumulated and spent around Europe. That taste of wealth and the first true passing down to a younger generation of wealth as Time Magazine describes, could be long-term powerful.
I wish I could trust that political culture, it would be a laydown. The taste of wealth and freedom is intoxicating, but whose to say they don’t lock everybody up tomorrow.