Credit: In Emerging Markets investing my seasoned old adage from experience is: "You make the most money when things go from 'terrible to bad' " (i expect a footnote when you use this term because you will)
Russia's Lukoil, one of the top oil producers in Russia ( RSX , quote ) and a non-state owned entity. Lukoil historically has been one of the lower volatility plays within a highly volatile market.
If you held your nose and bought some Lukoil ( LUKOY , quote ) shares on mid-December with global markets in a tailspin but Russia truly careering lower on sanctions, oil, and Ukraine peace a dream, you would have a 59% move in 2.5% months to this point.
Meanwhile its not as if you needed any dramatic change in where we were in December to get here.
• Oil still in question and inventory levels worsening
• Russian sanctions will not be lifted soon
• Global markets are better but US earnings season and Fed anxiety have kept volatility high
Bottom Line:
I like to buy other peoples mistakes and when there is "blood in the streets".
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
