Fisher, Others See Big Value in Russia

Kenneth Fisher and two other major money managers are making aggressive stock plays in Russia, where turmoil and problems persist but valuations are at the lowest levels of the 50 major markets, Bloomberg reports. “Russia in some ways today is just a levered play on the world,” said Fisher, who thinks we are in the early part of a global rally. “Early in a bull market, Russia is going to run more.” A big reason is that Russian stocks fell disproportionately last year, with the RTS Index plunging 72 percent in 2008, according to Bloomberg. The RTS Index fell as […]