Today, we look at Russia on Wallstrip . Last month I wrote a piece called Russia…’Which way will it Trend?’

That Putin dude is creepy.

He is on the cover of Time Magazine as ‘Person of the Year’. Please. Guy is a total Napolean. Small man’s disease and right place right time. I am sure he is a smart guy, but come on Time. Russia is part of a ginat commodity boom and sweeping trend of wealth that had to trickle down even to this forever f@#ked up nation.
The stock chart says the same thing …undecided. It has been a wonderful few years for sure and the stock price is in no man’s land, but still in a massive uptrend.

I have traded the country ETF well in the past . I have no position right now.

My friend Tim Post, who I follow on Twitter , lives and works abroad in Russia. I trust his instincts on the country. He obviously believes…he lives there.

Here is his 2008 prediction on Twitter:

New Year’s Prediction: Putins resigns. Medvedev is President. Putin Prime Minister. Medvedev wins in March. Putin resigns as Prime Minister.

More important Tim …What would that mean? Are you long the market or short?

Tim also just twitted that 80 percent of the people vacationing at Val D’Isere Switzerland are Russian.

That’s some major wealth being accumulated and spent around Europe. That taste of wealth and the first true passing down to a younger generation of wealth as Time Magazine describes, could be long-term powerful.

I wish I could trust that political culture, it would be a laydown. The taste of wealth and freedom is intoxicating, but whose to say they don’t lock everybody up tomorrow.

Since than, the country’s index has dropped almost 20 percent – including a strong rally. I am still leaving it alone although my kids need to take some long term risk and I will be buying them a few shares.

Here is the Google Finance start page . Here is Jim Rogers talking yesterday about commodities and the cycles they go through. This is Russia’s bread and butter. I would think if Russia stays a stable place, this pullback is likely a huge buying opportunity and could be worth the risk. Just do some more work and figure out an exit plan that works for you.

Disclosure – Lindzon’s kids will be long RSX