Obama's Secret Russian "Buy" Signal

While the Russians goose-step across Crimea, President Obama may have just unleashed a secret buy signal for Russian stocks... March 26, 2014     Obama's Secret Russian "Buy" Signal   Developing: the market's strongest contrarian play? A "cheap" way to play a bottoming stock Plus: Volatile tech stocks chew up traders   Greg Guenthner coming to you from Baltimore, MD... Greg Guenthner While the Russians goose step across Crimea, President Obama may have just unleashed a secret buy signal for Russian stocks... The signal was delivered by the White House press secretary-- who is apparently moonlighting as a financial advisor. I wish I was kidding. But it's true. Here's a direct quote from Jay Carney's press conference just the other day: I wouldn't, if I were you, invest in Russian equities right now... unless you're going short. Thanks, Jay. After hearing that doozy on the news, I immediately pulled up my charts. Could Russia actually turn into the market's ultimate contrarian play? "In Carney's defense, he is currently pushing a foreign policy agenda that may not have your portfolio's best interest at heart," explains Rude researcher Noah Sugarman. "But as far as investment advice goes, this would-be analyst could be dead wrong here." The Crimean crisis has made Russian equities dirt cheap by any standard, Noah reports. The MICEX Index, which tracks the 50 largest and most liquid Russian stocks, carries a trailing P/E ratio of just 4.30. All of the other big Russian ETF's hover in the same range, too. Compare that to the trailing P/E's of other arguably "cheap" emerging market ETFs. China clocks in with a P/E of 9.39. Brazil sits at 11.72. Even India stands at 15.49. But what's really interesting about the Russia situation is the chart... Here we have a potential bottom in the works. During the height of the crisis, the Market Vectors Russia ETF Trust (NYSE:RSX) briefly dipped under its 2012 lows. However, Russian stocks have made a sharp recovery over the past two weeks. Yesterday, RSX gained more than 3%. So we have a play here that's cheap and has an intriguing chart. Of course, I have no idea how the Crimea situation will play out. The region will likely remain highly volatile for some time... But right now, you have the opportunity to take a swing at Russian stocks with RSX. A snapback rally could ignite shares and give you the chance to book quick gains. Just set you stops at this month's lows and let the position work for you. If you have a plan like this in place, you can buy the blood in the streets without an insane amount of risk...         Collect as Much as $450 on Your Lunch Hour… Using this "Secret Job" Even if you're employed, you can collect between $250 to $900 – starting as early as 11:45 a.m. tomorrow… Without buying stocks or options, or collecting dividends. Get the amazing details here.           Rude Numbers Targets, Predictions and Wild Guesses   $50 billion in digital advertising is what eMarketer expects will be spent this year, representing a 17% annual jump. 1% losses for Twitter shares mean the stock's fallen 24% year-to-date--thanks in part to slower-than-expected user growth in February. $7.2 billion was raised by Chinese companies in the first quarter from initial public offerings, according to Vconomics. $2.98 is the price of copper this morning. Dr. Copper surged more than 2% Tuesday, briefly topping $3 for the first time since its big tumble two weeks ago... 1,865 is where you'll find S&P futures this morning. Stocks once again look like they want higher prices to start the day. But the real question is--will the move stick?     Rude Trends When to Buy... When to Sell   The real market action is once again happening just below the surface. The Dow and the S&P 500 aren't telling you the whole story here. IBM's massive run yesterday helped pushed the industrials higher by nearly 100 points (Remember, this is one of the old school safe havens I revealed yesterday as tech stocks were crashing). And the S&P 500 squeaked out a small gain. But once again, volatility in biotechs and high-flying tech stocks chewed up traders' brokerage accounts. There's no reason to bet big on these names--either long or short! Focus on scaling into your bigger-picture plays this week. In fact, now's the perfect time for you to review your best trade ideas. Urgent updates on one of my favorite trades for 2014 are available now... [Ed. Note: Send your feedback here: rude@agorafinancial.com - and follow me on Twitter: @GregGuenthner]     Ignore At Your Own Peril Today's Must Read Links   You Won't Believe What China's Doing to Gold! What's the ultimate revenge on the IRS? 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