Analyst Who Called Russia’s 1998 Crash Says Stock Outlook Is ‘Grim’
UBS's Dennis Says Russia Attractive Despite Sanctions
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Veteran Russia strategist John-Paul Smith has a warning for anyone looking to buy the nation’s stocks on the cheap after this week’s selloff.
“Investors could become collateral damage from the actions of either side in the new cool war,” Smith, a former Deutsche Bank AG strategist and founder of research firm Ecstrat, said in a note published Friday. While he doesn’t rule out a short-term rebound in the ruble or the nation’s benchmark equity index after the market rout, the longer-term prognosis “remains grim.”