From an investor newsletter – I don’t remember which one: “Russian stocks can make great speculations... The country holds the world's largest reserves of natural gas. It's the world's second-largest oil producer. It has huge amounts of diamonds, timber, gold, and base metals. So when commodities are rising, Russia is "en vogue." But the Russian government is as crooked as a dog's hind leg. One minute, a Russian company has billions in assets... the next, the government takes them. This corruption leads to lightning-fast market declines. We're in "lightning-fast decline" mode in Russia right now. Investors are scared the government will attack more companies. We advise them to be scared of further weakness in the commodity markets. If oil corrects down to $90, this new downtrend will get much worse.”
Well, well, well. Oil has actually corrected to $45. Isn't that amazing? That's not the Russian flag, by the way. It's the official flag of Mexico. One of these days, Mexico might discover diamond and gold mines somewhere - it already has timber, metals, oil, and gas - then it will be even with Russia.