For now, stocks Seymour liked include Yandex, , Vimpelcom and Mobile TeleSystems, the latter two being among “the biggest names in Eastern Europe cellular, and names that I think trade at a very interesting valuation.”
Mail.ru also benefitted from the Facebook “halo effect” because the company owns 2.9 percent of the pre-IPO company.
2. Russians aren’t keen on austerity.
“In Russia, they are looking at Europe and saying, ‘Look, fiscal austerity is actually a bad thing.’ I viewed a panel where actually Vladimir Putin sat with Michael Milken, Paul Krugman, the head of Sberbank, and they had a very intellectual economic discussion,” he said.
The main conclusion?
“Austerity right now will kill Europe, will create asset-priced deflation, and this is the worst thing that Europe can do right now — and, Russians believe, a little stimulus goes a long way.”
3. Lastly, politics.
Putin looked likely to win his re-election bid when voters head to the polls March 4, probably in a run-off election.
“Either way, Western media is much more consumed with this than Russian media,” he said.
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Trader disclosure: On Feb. 6, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders: Terranova is long GOOG; Terranova is long JOY; Terranova is long TRLG; Terranova is long AXP; Terranova is long MUB; Terranova is long LQD; Terranova is long SBUX; Terranova is long CNX; Terranova is long SU; Terranova is long OXY; Terranova is long MA; Terranova is long MCD; Terranova is long SNDK; Terranova is long EMC; Terranova is long IBM; Terranova is long VRTS; Seymour is long AAPL; Seymour is long BAC; Seymour is long INTC; Seymour is long YHOO; Adami owns C; Adami owns GS; Adami owns MSFT; Adami owns AGU; Adami owns NUE; Adami owns INTC; Adami owns BTU; Kelly is long TLT; Kelly is long SPY calls; Kelly is long SPY puts; Nations is long SPY; Nations is long BAC; Nations is long C
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I own investments in agencies that market their clients on Facebook
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