History can (and will) repeat itself. This closed-end fund is getting out of the 20's, but into the teens (and not the 30's).
June 24, 2009
"ONE BOURSE THAT HAS HAD an 'official' bear market appropriately enough is Russia. The RTS index, which is denominated in dollars, fell another 2.9% Tuesday, bringing its decline since June 2 to 21%.
Faring even worse has been the Templeton Russia and East European Fund (ticker: TRF), which was among the egregiously overpriced closed-end funds featured here a couple of weeks ago ("The Closing of the American (Investor) Mind", June 10.)"