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August 2, 2005
Russia redux, Tues., August 2, 2005, 11:03 AM
Yesterday I made a point of how rapidly the U.S. Smallcap market (i.e., VBR) has been rising in recent months. This chart illustrates the point I made in the last article, in that the Russian market has been a terrific performer. The RTS Index has far surpassed the gains in VBR since May 17.
Both markets, however, are topping in terms of momentum indicators. With interest rates rising, I anticipate softening equity prices any day now.
Posted by Posted by Bill Cara on August 2, 2005 11:03:57 AM | Category: Russia