joining us now, tim seymour, cnbc contributor, a guy who knows a lot about russia, has been there more times than we can count. and tim, listen, when i look at the rts russian index, some of the biggest stocks over the last couple days, they're all soaring, index up 88% in four trading sessions. is it a real move or kind of like hey, we got our mojo back, let's buy some stocks? >> it has nothing to do with the geopolitics. >> how can you say that? >> it has a lot to do with a move that's happened in resource stocks in some of the more beaten-down names and certainly the energy sector. russia is the cheapest emerging market on a pe basis, on a price to book not terribly cheap. if you remove rosnef, it's not as attractive as people think. the rally is exciting, you know, is anything changed dramatically for russia? you're right, i lived there, was a partner in a russian bank, spent a lot of time investing there and i like it. i think most people react to russia on the way down. it's become very narrow. liquidity's dried up 50% over the last four or five years. it's a place where most peo