In a note to investors Friday, Roland Nash, head of research at Renaissance Capital, said the TNK-BP and Mechel events, combined with the falling oil price, had "finished" Russian equities' "reputation as a safe haven."
YNK-BP
Mechel and TNK-BP Finish Off Save Haven
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"The last train carrying the optimists out of Russian equities has just left the station," was one reaction. "The place looks rotten to the core," was another.
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