Permanent Putin?

Tuesday, 2 Oct 2007 | 8:46 PM ET

Vladimir Putin is making moves to stay in control of Russia after he steps down next March as mandated by the country's constitution. What does this mean for the markets?

Tim Seymour joins the desk to lend his expertise in the emerging markets. He has a counterintuitive take on the Russian situation: If Putin manages to keep himself in power past his term, it will likely be a good thing for that market.

Tomorrow's Playbook #2
Insight on Putin, and the emerging market breakout, with Fast Money's Tim Seymour.

Without an internal power struggle to fill Putin’s position when he leaves, his structural and political reforms, as well as his consolidation of power, will probably continue – all those things have been beneficial to the market so far, Seymour says. If Putin can continue to drive through difficult reforms it could trickle down to all the emerging markets, not just Russia.

Seymour believes Russia is particularly cheap compared to other emerging markets like Latin America or China. So, as an investor, does it really matter if Putin’s strong-arm tactics are less-than-democratic?

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Trader disclosure: On Oct 2, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Macke Owns (ATVI), (EMC); Najarian Owns (BIDU), (UA), (PDLI); Najarian Owns (GS) Options; Finerman Owns (GS); Finerman's Firm Owns (DAI), (LEN), (NVT), (NMX), (NYX), (KSS); Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Owns Russell 2000 Puts; Seygem Asset Management Owns (CX), (FMX), (EEM), (SWC); Seygem Asset Management Owns Gazprom; Gazprom Trades Over The Counter In The U.S. But Trades On The Exchange In London

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