Obama and his Republicat minions passed all kinds of economic sanctions to hurt Russia. As usual, everything our government does, backfires and blows up in their faces. Russia seems to be doing just fine, despite the MSM propaganda being spewed at the American people. Russia’s stock market is cheap on a valuation basis and is blowing away the rest of the world, and the US, with a 31.5% return after six months. In case you hadn’t noticed, the US market is up about 2% YTD.
Who would have guessed? Russia is the best performing, and cheapest, country index YTD
On an equal-weighted, USD basis, Russia is 31.5% higher this year. It has outpaced the second best performing country, Hungary, by nearly 10%. China H-shares are in third place higher by almost 20%, with Portugal (15%) and Israel (14%) rounding out the top five. The United States, prior to today’s burst, is the 19th best performing country index. Greece, sadly, is once again the worst performer. The Greek stock market is already down nearly 37% year-to-date.
Top 10 Performing Country Indexes
Like we said in the title, again on an equal-weighted, USD basis, Russia is also the cheapest country index out there from a price to cash flow perspective. It currently trades at just 4.5x cash flow. To put that in more perspective, only 9 out of 46 countries currently have price to cash flow below 10x and five countries (Switzerland, Singapore, Indonesia, Philippines, and India) have a price to cash ratio above 20x. The US is currently trading at 16.9x cash flow.
10 Cheapest Country Indexes
10 Most Expensive Country Indexes
Must be the lack of girlie-men running Russia that keeps them ahead of the game. They are head and shoulders over our collection of fukwits and sociopaths who think sanctions will make a difference.
Payback will be soon when the BRICS crush the Zionist dollar (our dollar).
One of these days the former SSR’s, as with Crimea, will vote to join the Russian Federation and then all hell will break loose.