Why I’m shorting the Russian stock market

By John Linnemeier Markets Covestor

I’ve decided to change my overall strategy.

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So I’ve added the Direxion Daily Russia Bear 3X Exchange Traded Fund Trust (RUSS), a negative ETF play on the Russian stock market.



Nickel play

I’m betting the Russian stock market is going to tank big time.

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Another buy is GMK Noril’skiy Nickel’ OAO ADR (NILSY).

In my opinion, the the supply of nickel is tightening, which of course would be good for this company.

Furthermore, it’s a company which produces a commodity sold in dollars but produced in rubles, which has drastically lost value.

In my opinion, NILSY was unfairly hit by the general market decline in Russia.

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Photo Credit: Andrey via Flickr Creative Commons

DISCLAIMER: The investments discussed are held in client accounts as of December 31, 2014. These investments may or may not be currently held in client accounts. The reader should not assume that any investments identified were or will be profitable or that any investment recommendations or investment decisions we make in the future will be profitable. Past performance is no guarantee of future results.