Posted on 06/27/2014 8:37:21 PM PDT by wetphoenix
Obama and Russia: the World Laughs
Dear Leader (PBUH) has provided his contrarian investment dog whistles that have boosted the Russian economy. Specific stocks he targeted for "sanctions" have performed magnificently.
White House sock puppet press secretary Jay Carney warned that it was not a good time to invest in the Russian stock market because Obama was planning to impose devastating economic sanctions that would send the market into a tailspin.
What actually happened, the FT says, is that the Russian market rose from 1,250 on the RTS Exchange to 1,450 -- a gain of over 15%.
In fact, if you’d invested in the Russian market when Carney told you not to, you’d have made quite a tidy bundle of profit in just three months. And it gets worse. Not only did the Russia market spring upwards, but the very stocks that were specifically targeted by Obama were the biggest movers"
So Dear Leader speaks, Putin does the opposite, and there is success...
If I am understanding this policy, I must invest my savings in big oil, coal, weapons manufacturers, pro-life organizations, Tea Party, and The Republican Party.
(Excerpt) Read more at thepeoplescube.com ...
Obama and the EXEMPT treasonous Congress HATE
AMERICA except for what it gives them, and what
they can steal — being EXEMPT.
Maybe the best mutual fund manager in America, Steve Romick, has decided again, go against whatever the Sunni Potus, Obozo and his thugs say to do.
This Value Guru Just Made A Huge Investment In Russia
A current favorite: Los Angeles-based First Pacific Advisors (FPA). Morningstar anointed Steve Romick, the fund manager behind the FPA Crescent Fund (Nasdaq: FPACX), as the “2013 Asset Allocation Manager of the Year.” That five-star fund gets a “gold” rating from Morningstar.
As Morningstar notes, “Romick seeks securities trading at a substantial discount to what he believes they’re worth. When opportunities are scarce, he will let cash pile up.” That appears to be the case right now. “We are about as bearish as we’ve ever been,” he said at an investment conference last month, noting that his cash position has risen to 40%.
[More from StreetAuthority.com: This Value Guru Just Made A Huge Investment In Russia]
But this fund manager has spotted value in a very controversial place: Russia.
According to recent filings, he has established positions in oil and gas giants Lukoil (LUKOY), Gazprom (OGZPY) and Rosneft (OJSCY).
http://finance.yahoo.com/news/value-guru-just-made-huge-180000418.html
Everything this man touches results in the opposite intentions. He remains vastly ignorant of International Affairs.
Fixed. Some things can't be saved.
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