Russian Stocks Hit 8 Year High - Up 55% Since White House Said "Sell"

Tyler Durden's picture

Perfectly bottom-ticking the Russia stock market in March 2014, The White House's Jay Carney suggested investors "not invest in Russian equities right now." Since then MICEX has soared 55% to fresh 8-year highs (closing in on record highs) and is the best-forming asset since the March 2009 lows.

In March 2014...

Which was followed by a 55% surge to fresh 8 year highs...

 

Making MICEX the best-performing asset off the March 2009 lows...

 

Perhaps Carney can get a gig as a Valeant analyst?

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NOTaREALmerican's picture

Wow S&P 500 near 250%.    The top 10% are really doing great.

hedgeless_horseman's picture

 

 

Up 55% Since White House Said "Sell"

In USD terms?

hedgeless_horseman's picture

 

 

According to top chart, White House said sell in 2014. 

That bottom chart says since 2009.

Latina Lover's picture

The appropriately named Jay Carney speaks for the same class of clowns in early 2014 also told the world that Ukrainian stocks and debt were screaming buys, LOL! Since then, the ukie market is down over 90% in USD terms, and debt holders are taking at least a 22% haircut. 

Volkodav's picture

is worse than that in real

 

 

 

BorisTheBlade's picture

In layman's terms. I bet sopphisticated White House-connected guys went ahead to do something different, i.e. opposite of what's broadcasted via dumbed down double speak.

Lax Accounting's picture

And the Ruble has dropped in half in the same time...you've still lost like 30% in USD terms

datura's picture

And the Ruble has dropped....well that does not matter for Russian companies, who use mostly rubles. MICEX is traded in rubles and therefore is mostly for local (Russian) investors. Russia also has dollar-denominated RTS stock market, which is used mostly by foreigners. You see, poor Russia needs to have two parallel worlds even in its stock market - one global and one national. What else can you do in a world controlled by your enemies. 

RopeADope's picture

The WH came, they saw, they failed.

moleson1965's picture

Inflation? Ruble exchange rate?....

Apofigei's picture

Yeah, convert it to dollars, and you would still lost your ass on that "investment"

css1971's picture

No. I'm well green on my Russian ETFs.

Diablo's picture

How high are US stocks ever since ZH said to sell?

 

MadVladtheconquerer's picture
MadVladtheconquerer (not verified) Diablo Mar 18, 2016 12:55 PM

Is this a trick question?

I'll take 200% Off The Bottom for 1000$, Alex. 

SELL NOW!  SELL NOW!  SELL NOW!  SELL NOW!  SELL NOW!  SELL NOW!  SELL NOW!  SELL NOW!

SELL NOW!  SELL NOW!  SELL NOW!  SELL NOW!  SELL NOW!  SELL NOW!  SELL NOW!  SELL NOW!

SELL NOW!  SELL NOW!  SELL NOW!  SELL NOW!  SELL NOW!  SELL NOW!  SELL NOW!  SELL NOW!

SELL NOW!  SELL NOW!  SELL NOW!  SELL NOW!  SELL NOW!  SELL NOW!  SELL NOW!  SELL NOW!

City_Of_Champyinz's picture

Jay Carney is a worthless, smarmy little douchebag.

Haka Matohi's picture
Haka Matohi (not verified) Mar 18, 2016 12:38 PM

What Obamahead would go long Russian stocks without a currency hedge?

ArtOfLife's picture

Ignore the rubble collapse and Russian stocks did great, but so did the zimbabwe stock market.

rejected's picture

Well unlike the Free Markets in the USA the Russian Market is completely government manipulated.

MadVladtheconquerer's picture
MadVladtheconquerer (not verified) Mar 18, 2016 12:51 PM

You mean as the rubble has tanked from 30 to 80?

Consuelo's picture

 

 

Weren't Russia and Putin supposed to have basically dried up & blown away by now - what with all of the sophistication and superiour 'firepower' that Daddy-Joobucks has in his arsenal...?

 

What's with those damned Trotsky-ites, can't they finish a job...?

gm_general's picture

Perhaps Carney could get even better at stock picks by consulting Gartman?

khakuda's picture

I guess profits to earnings were low and represented a good deal.

market le pew's picture

Yes Tyler Yes Tyler Yes Tyler, and have you factored in the Rouble decline? You like doing it when looking at Venezuela, why not here?

css1971's picture

The Rouble decline makes it an even better deal.

RopeADope's picture

The deal of the century it was.

Bam_Man's picture

Priced in Rubles.

css1971's picture

Look people. A blind monkey could do this. It isn't difficult, all the tools you need are readily available.

 

You sell high. You buy low.

 

The Russian market was at record lows. P/E of 4.

RopeADope's picture

So easy, a Harvard economics professor could do it.

2big2save's picture

For those familiar with the RSX etf, Carney was more right than wrong. It declined from 23 to 17 over the past two years, no doubt due to the over representation of oil producers in the fund.

Which way to the beach's picture

Sooo, how are those sanctions doing? On top of that, the Russian equivalent of the MIC, which is mostly government owned is going to go through the roof after a free fire demonstration of their products in Syria the last six months.  Rosoboronexport will be doing a roaring trade in the near future. Companies like United Aircraft Corporation should take off, pun intended. It will be great for Sukhoi and Mikoyan. Good time to buy shares if you can. By avoiding that wasteful circlejerk of Pentagon officials walking from their offices to Raytheon etc chewing up taxpayers dollars the Russians get a far better bang for their buck. Sure wish Trudeau would buy even some SU-27 or SU35 (in my dreams) instead of the FA35.

Bubbles

RopeADope's picture

The F-35 will never be finished as that is when the tax bill for the contract would be due.

Weasel economics, it is how nations collapse.

Tom Green Swedish's picture

Hate to tell you any other country would get stomped if they tried an offensive against the USA way before we bring out any nuke.  It's a solid fact.  We spend more money on defense than the next 8 higheset nations combined.  No way are they going to take us out that way. The only way they can penetrate is with a nuke brought in and trust me no country would even try that because they would be wiped off the map in about 4 hours.

Which way to the beach's picture

More bad news for western markets and good news for Russian markets. By Pepe Escobar

https://www.rt.com/op-edge/315731-russia-kommersant-moscow-kremlin/

This should make a few bankers and politicans in the west piss their pants. No wonder they want war.

Bubbles

Tom Green Swedish's picture

Higher gas prices bitchez