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Ironically this headline could be applicable to any number of countries the past 10 weeks... of the BRIC countries, the "R" gives me the most quakes, but you can't argue with the recent performance [May 20, 2009: Year to Date Returns by Country, Go Peru] ... you need to have serious antacid supplies to invest in Russia through thick and thin. While it has had the best performance of the BRIC countries (Brazil, Russia, India, and China if you do not know the term) this year - it had a debilitating fall beforehand. Essentially I find Russia to be a call option on oil, I am sure if you plotted oil and Russia together you'd see a similar arc although the beta (swings) in Russia would potentially be even more vicious than oil has been the past few years.
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