Russian Bears are on the loose, and those shorting Putin’s RTS Index are getting paid healthy bounties. The Russian stock market got hammered again today, closing down another -4.2%, taking the Index down to 1579. The decline in august alone is almost -20%. Since our "Fading Fast Money" call on 5/21, this levered country play on commodities has lost -37% of its value. Vladimir no likey...
- This is the RTSI (USD) charted since the day that hostilities with Georgioa kicked into high gear.