Why I’m shorting the Russian stock market

By John LinnemeierCovestor

I’ve decided to change my overall strategy.

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

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Nickel play

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

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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