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Actionable news in TKF: TURKISH INVESTMENT FUND Inc,

Chris DeMuth Jr.'s

The time to buy is when there's blood in the streets.

- Something Baron Rothschild never said but really should have

Turkey Parts of the Turkish military just attempted a pitiful coup. For next time, they should read Coup d'État: A Practical Handbook which includes this useful guide:

By their failure, anything that they dislike about the current regime will become more so. The market has reacted badly, but this could be an opportunity. Markets often recover quickly from political shocks and they could do so in Turkey. I like the Turkish Investment Fund (NYSE:TKF) which currently trades at a 13% discount to NAV.


The prospects of oil in the Russian streets diminish with the oil price recovery. On way to exploit this recovery is via shorting the ProShares UltraShort DJ-UBS Crude Oil (NYSEARCA:SCO).

The higher the oil price goes, the more stable Putin gets. In Bettin' On Putin's Russia, I advocated shorting the Direxion Daily Russia Bear 3X Shares (NYSEARCA:RUSS).

That position still makes sense to me today. However, it is not my favorite Russian investment; that is EOS Russia, up 85% since I disclosed the idea last July but still a bargain.


So if not...