Emerging Money Daily Audio Call – December 16 – On the call today we get into what was black Tuesday in Moscow’s turns out to be possibly green Tuesday this afternoon seeing a major reversal in the markets.
A dramatic Russian (RSX, quote) Central Bank in the dead of the night did nothing to curb the speculation against the ruble.
Many believe it was the central bank coming to the market to sell dollars buy rubles to put a lot speculation at bay. We have a major intra today reversal in emerging markets (EEM, quote)…very exciting price action but can it last? We will tell you what our thoughts are here as well we also looks at crude oil (USO, quote), has it put in a short-term bottom?
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