Emerging Markets: Positive Changes In Russia, Kazakistan

I was bearish in Russia for 46 years. I first went to Russia in 1966, to many of the Soviet countries in 1966 and came home and said, "this is going to be a disaster." So I was bearish for the rest 46 years. But changes are taking place in Russia. I am not bullish in Ukraine, I find myself now being positive on Kazakistan to my surprise. I see big changes taking place place in former Soviet states and some of them are very interesting, including Russia.

Related ETF: Market Vector Russia ETF Trust (RSX)

Russia: I Own Shares Of The Moscow Stock Exchange

I own the Russian ETF, I became recently a director of a Russian fertilizer company. Their expenses are in rubles and they sell in U.S. dollars. So, they are coining money at the moment. As these are many other people, I guess there are opportunities.

I own shares of the Moscow Stock Exchange, believe it or not, and even more remarkable, the stock is at all time highs, it is astonishing.

Related ETF: Market Vector Russia ETF Trust (RSX)