Russia to Play Catch Up

Bank of Russia was Hiking to Protect the Ruble When Everyone was Easing Policy...



...Not a Surprise that Russian Equities Lagged



I bought RSX eventhough it has rallied significantly from the lows. It is still cheap and will play catch up in the reflation theme. The ruble is now on firm ground and that should help the central bank to aid the recovery.

Cycle dominates Seasonals

No September Effect in 2003




No January Effect in 2008



A number of articles were floating around in August highlighting the negative seasonals for September. Looks like September 2009 will turn out just fine, just like 2003.

India's Water Crisis and the Stock that will Benefit

When the rains fail

Jain Irrigation is the stock I am betting on.