By Steve Sjuggerud in DailyWealth:

Russian stocks have just been obliterated...

The net asset value of the Templeton Russia Fund (TRF) is down more than 70% in less than a year. The average stock in the fund is selling for less than four times earnings - that's practically a giveaway price.

But since its March lows, the stock price of the Templeton Russia Fund has doubled... it's in a clear uptrend.

In short, Russia is now the cheapest stock market in the world... It's absolutely hated and ignored by investors, who are terrified of risk right now... And it is in a rip-roaring uptrend. You should consider getting in...

But you shouldn't buy the Templeton Russia Fund.

Read full article...

More Russia posts:

Russian gas monopoly Gazprom makes a small invasion into the U.S.

Russian stocks and currency plunge on banking scare