Russian stock market

[fbibob]

Russian shares suffered their steepest one-day fall in more than a decade on Tuesday, losing up to 20 per cent, as a sharp slide in oil prices and difficult money market conditions triggered a rush to sell.

The heads of the Russian central bank, the finance ministry and the financial market regulator met on Tuesday night for an emergency discussion on ways to halt the crisis.

Earlier, trading had been suspended on both the Micex and RTS stock exchanges as investors ignored assurances by Russian officials and a cycle of distrust set in amid liquidity fears.

Margin calls forced domestic traders to liquidate positions and brokers pulled credit lines. At least one Moscow bank failed to meet payments.

The rouble-denominated Micex Index closed 17.75 per cent down, the sharpest one-day drop since the August 1998 financial crisis, while the dollar-denominated RTS index closed down 11.47 per cent, its lowest lvel since January 2006.

Interbank money market rates climbed to 11 per cent, their highest since a mini-banking crisis in summer 2004.

Chris Weafer, chief strategist at Uralsib investment bank: “We’re in completely uncharted territory where the prevailing emotion is of fear and numbnes. No one knows where this could stop”.

Alexei Kudrin, finance minister, insisted that the financial system was not in a systemic crisis but the central bank injected a record $14.16bn in one-day funds into the money market.

The finance ministry also placed an additional R150bn ($5.8bn) in one-month deposits into the banking system. Konstantin Korishchenko, central bank deputy, told Russian news agencies that the bank and the finance ministry could provide a total of $117.6bn in liquidity to the banking sector.

But market players said banks were ceasing to lend to second and third-tier companies and brokers were pulling credit lines. KIT Finance, big Moscow investment house confirmed rumours that it had been unable to make payment on a series of short-term loans.

It said: “In connection with the fact that a series of our clients did not meet their obligations to our bank, we have not met our obligations to our counterparties.

“We recognise our responsibility to our counter-parties and to the market and we are working intensively to resolve the situation.”

Andrei Sharonov, managing director of Troika Dialog, a Moscow investment bank, and a former deputy economic minister, said: “This is a vicious circle,” said , .

“It is a situation of total mistrust. The liquidity crisis is being caused by a crisis of confidence in which people are frightened to borrow and frightened to lend.”

Shares in Russia’s biggest state-controlled banks led the slide with Sberbank, the state-controlled savings bank, closing 21.72 per cent down and VTB losing 29.26 per cent. The bank was suffered on investor fears about its securities portfolio, which makes up about 10 per cent of its assets.

To our Russian friends: what are you hearing about your stock market?


http://www.ft.com/cms/s/0/6ff9306c-83f1-11dd-bf00-000077b07658.html

[krevedko]

Just checked my portfolio. It consists of a metro pass and 1 thousand rubles (~ 40 USD) that I need to stretch till the end of the week. Can't care less about stock market :becky::becky:

[Lucker]

How do you assess the invasion now , Vlad the Bad ?
It's whats called a double whammy
The good news is that when Oil is weak , so is Russia .

[huney]

Just checked my portfolio. It consists of a metro pass and 1 thousand rubles (~ 40 USD) that I need to stretch till the end of the week. Can't care less about stock market :becky::becky:

You lucky girl! How I long for the simplicity of those days...

I just watched my hard earned retirement fund go down the toilet. Thirty years of scrimping like a Scrooge and now I'm a Cratchit.

Decided to hold all positions, hang on, and pray I live long enough for it to turn around. :pray2:

[Lucker]

George Soros has been regaling us with his views .
The best way to summarise matters is " Help"
Apart from telling us that we had not reached the worst , he said Paulsen is behaving as though he has learned nothing from the 30's crash .
With Oil now below $90 I would have thought the speculators would hit Gold soon ..

[1amongmany]

Just checked my portfolio. It consists of a metro pass and 1 thousand rubles (~ 40 USD) that I need to stretch till the end of the week. Can't care less about stock market :becky::becky:

I've got an extra metro card, if you need it let me know :)

[fbibob]

Here is an update.

Russian markets stopped trading for a second day after emergency funding measures by the government failed to halt the biggest stock rout since the country's debt default and currency devaluation a decade ago.

The ruble-denominated Micex Stock Exchange suspended trading indefinitely at 12:10 p.m. after its index erased a 7.6 percent gain and plunged as much as 10 percent within an hour. The benchmark fell 17 percent yesterday, the biggest drop since Bloomberg started tracking the gauge in May 2001. The dollar- denominated RTS halted trading after similar declines.

The government yesterday injected $20 billion into the interbank lending market via central bank and Finance Ministry auctions in a bid to contain soaring borrowing rates as credit dried up in the wake of the Lehman Brothers Holdings Inc. bankruptcy. The one-day MosPrime overnight rate, a gauge for monitoring liquidity demand, leapt 25 basis points to a record 11.08 percent today.

The Finance Ministry attempted to stop the selloff by offering 1.13 trillion rubles ($44 billion) of budget funds to the country's three biggest banks, OAO Sberbank, VTB Group and OAO Gazprombank, for at least three months. That measure came as KIT Finance, a Russian brokerage, said it's in talks to find a buyer after failing to meet some financial obligations related to repurchase agreements.


http://www.bloomberg.com/apps/news?pid=20601087&sid=aIRza4.azeC4&refer=worldwide

[dzerassa]

They say a lot about stock market on our tv, some companies, shares, etc but i think most of the population understand nothing me including :)

[krevedko]

They say a lot about stock market on our tv, some companies, shares, etc but i think most of the population understand nothing me including :)

:becky::becky::becky:

Yup. Cause the main proportion of population is more concerned with matters of everyday survival. I don't know how to explain to the Cheeky Little Monkey that mommy bought some shares, so we'd have to do without food and electricity for the month ahead :becky: BTW, if you ever meet your favourite putin please pass to him my personal gratitude for that - thanks to him, the life is much easier and I don't have to bother my silly head with such boring things as shares, bonds, ratings, quotations etc. :becky:

[Lucker]

You might possibly find out soon .
As companies collapse , amalgamate etc , unemployment rises , and with food price increases , just keeping alive will cost more .

I think you ought to write a huge letter of apology to Georgia and hope that their natural kindness and generosity encourages them to send you parcels of lovely Georgian wine ( which you stupidly banned two years ago) and fresh fruit .
We know the Pineapple crop failed in Moscow again .

[krevedko]

You might possibly find out soon .
As companies collapse , amalgamate etc , unemployment rises , and with food price increases , just keeping alive will cost more .

I think you ought to write a huge letter of apology to Georgia and hope that their natural kindness and generosity encourages them to send you parcels of lovely Georgian wine ( which you stupidly banned two years ago) and fresh fruit .
We know the Pineapple crop failed in Moscow again .

Amon Ra, who should write the letter? Me? Sorry, I don't have time for that. I'm too busy mourning over the loss of the pineapple crop that I used to have such great hopes for, and contemplaiting other possibilities.

So far immediate fall-back plans include:
- growing rice and organizing massive supplies to China;
- organizing beach holidays in Afghanistan;
- opening a chain of restaurants specializing in English cuisine in Moscow. ROFL

[alpine-frolic]

You might possibly find out soon .
As companies collapse , amalgamate etc , unemployment rises , and with food price increases , just keeping alive will cost more .

I think you ought to write a huge letter of apology to Georgia and hope that their natural kindness and generosity encourages them to send you parcels of lovely Georgian wine ( which you stupidly banned two years ago) and fresh fruit .
We know the Pineapple crop failed in Moscow again .


It's amazing to see that those who products no richness (the banks) are able to destroy that of those who create some.

[IamKeenan]

Russian Stock Market from RUSSIA TODAY

bRXE7-hgoEw&feature=user

[beezneesman]

- opening a chain of restaurants specializing in English cuisine in Moscow. ROFL

Are you desperate for something really bland? :)

[krevedko]

Are you desperate for something really bland? :)

Beezneesman, do you think I've never tasted English cuisine? Well, you are absolutely right, I haven't. I've been to London 5 or 6 times, don't remember exactly, an I was surviving on sushi and curry. English cuisine is an oxymoron, same as Russian democracy and Russophilic Ramonrive :kuku:

[beezneesman]

Beezneesman, do you think I've never tasted English cuisine? Well, you are absolutely right, I haven't. I've been to London 5 or 6 times, don't remember exactly, an I was surviving on sushi and curry. English cuisine is an oxymoron, same as Russian democracy and Russophilic Ramonrive :kuku:

Very rapid industrialization and huge and rapid population shifts from countryside to town in Britain pretty much killed off a lot of traditional rural British cuisine in the late 18th and 19th centuries. People were cut off from rural traditions much more rapidly here than elsewhere in Europe and the cuisine suffered as a result.

My mother who was an excellent cook had some old Georgian and Victorian cookery books. The variety was amazing compared to what is now regarded as 'traditional' British food. But yes I agree the best food available here is of foreign 'origin' with Indian being my particular favourite :-)

[zoroooo]

I lived for some months In ramonville...on one of the hills overlooking the town...

I went to restaurants pubs and eatted in an English traditional family...It was simply a unpleasant.

Now I have to admin that the eglish are doing their best to refine and imitate frech cuisine and the general level is going up in the big cities..and yes indeed in the rural ares better to take an asiatic restaurant.

zorozoro

[zoroooo]

Damm I am dizy ..this topic was about stock market Russian.

Fifbob is that the same as Russian roulette?

[beezneesman]

I lived for some months In ramonville...on one of the hills overlooking the town...

I went to restaurants pubs and eatted in an English traditional family...It was simply a unpleasant.

Now I have to admin that the eglish are doing their best to refine and imitate frech cuisine and the general level is going up in the big cities..and yes indeed in the rural ares better to take an asiatic restaurant.

zorozoro

Personally I find the general level of cuisine available in France to be very disappointing, especially in view of all the hype from the French about how wonderfully gastronomic they are. Italy is streets ahead of France in terms of the quality of its cuisine and the best restaurants in the UK will easily see off the best restaurants in France too.

[Lucker]

I am also amazed at the unending ignorance displayed by all sorts of people on this site .
Time and time again , surveys and reports show that English cuisine leads the world with two or three of our Restaurants regularly featuring in the world top 10 .
Of course Kleaver would be disappointed if her few shillings pocket money only got her into some of our Nationalised Soup Kitchens and our mini franchise versions of McDonalds , known as CrapBags .
But round the front we have those dream eating and watering holes that the mighty and Russian Oligarchs flock to and desperately fight to be photographed for Hello and PissOff .
I say to those whose ignorance betrays their tastebuds and culinary knowledge --- me oxymoron , but you bloody moron ROFL

[krevedko]

:megalol:

Raving Oxymoron,

We are not talking about Haut Cuisine here. Just a cuisine (FYI: Cuisine (from French cuisine, "cooking; culinary art; kitchen"; ultimately from Latin coquere, "to cook") is a specific set of cooking traditions and practices, often associated with a specific culture) - traditional dishes normal folk can afford eating in ordinary restaurants.

Seems like your mangy goose (who you've been un-moronic enough to fail adding here as your avatar despite of explicit and very non-tech explanations which I was afraid to make any simpler for the fear of being accused of sounding too patronizing) have taken you too far in the clouds. Come back to Mother Earth.

Or maybe I shouldn't be blaming it on the goose. Probably eating all those delicious mashed pees helps you to achieve extra-volatility.

Come on baby, light my fire.
Come on baby, pull my finger.
:becky:

[Lucker]

Once again we have to put up with dated and petty small minded Eastern block thinking .
Meanwhile , the rest of us live in a global culture with a huge variety of culinary cultures brushing gently against each other and acting as a huge raft of different pleasures --- the likes of which were never dreamt of in the bleak dining halls of Gazprom HQ or the greasy cafes behind Red Square selling rancid meat soup and antiseptic Baltica Beer .
Walk down the bustling roads of any town in Merry England and enjoy the choice of a dozen different eating cultures in a matter of a couple of hundred yards .
We have rid ourselves of those supposedly quaint recipes that Great Fat Babushka used to make , with her unwashed hands and nose droppings acting as a mystery flavour . These were just convenience ways of using stale and rotting ingredients .
Good enough for others , no doubt . But England lies in Team GB , your host to the whole world in one happy visit .
================================================== ===================
Ramonrive while you think this maybe a good post there is no reason for you to go over the top and report this post as "brilliant". :p
================================================== ===================

[zoroooo]

Once again we have to put up with dated and petty small minded Eastern block thinking .
Meanwhile , the rest of us live in a global culture with a huge variety of culinary cultures brushing gently against each other and acting as a huge raft of different pleasures --- the likes of which were never dreamt of in the bleak dining halls of Gazprom HQ or the greasy cafes behind Red Square selling rancid meat soup and antiseptic Baltica Beer .
Walk down the bustling roads of any town in Merry England and enjoy the choice of a dozen different eating cultures in a matter of a couple of hundred yards .
We have rid ourselves of those supposedly quaint recipes that Great Fat Babushka used to make , with her unwashed hands and nose droppings acting as a mystery flavour . These were just convenience ways of using stale and rotting ingredients .
Good enough for others , no doubt . But England lies in Team GB , your host to the whole world in one happy visit .

ramon from ramonville you should sometimes agree that a woman from gasprom kicked your ass and your answer should be as a gentlemen.. say " I am delitfull of your atention" instead to be an old caveman.

She beats you today.

zoroooo

[zoroooo]

GG see I am not a moderator but a referee in green.

Goofy shut up:kev:

[Sveta's Hero]

"Come on baby, light my fire.
Come on baby, pull my finger."

:lol2::laugh::rolling::lollol:

That one brought tears to my eyes. :becky::becky:

[zoroooo]

paul I got the same she got him on his knees..

raymondo I see you hidden behind the curtains..wake up and surender its late so no sense to try to reverse .

Paul is she good looking?? I have no idea .. but she is funny and smart.

zoroooo

[krevedko]

Zorro, I'm freaking gorgeous :becky::becky::becky:

[Lucker]

Zorro
It saddens me to see your gullibility dissolving into crackpot sentimentality .
Next train stop , madness.
These Russians cannot be trusted and the rule of thumb method to assess intelligence is to plot amount of alcohol consumed against country temperature variabilty . The higher the correlation the madder they are .
Proof is common sense
To the far north you have Eskimos who are so skunked they cannot be bothered to build proper houses . Just ahead of the ruskies are the Finns who are rarely seen in anything but the horizontal position and snoring loudly . Russians are so Vodka fixated that they don't eat properly , preferring to eat rancid meat soup and sing out - of - tune nostalgic ditties about the bad luck they have suffered since the year dot .

Better a Wallooon than a Russian woman bearing gifts .
For a gift in time will cost you ninety nine .
These things were passed to me by wise men from our society of wise men .

[krevedko]

ROFL :megalol:

exceptionally good one, Ramon )))))))))))))))))))))))))))) i cant comment right now as i'm unable to pick myself from the floor.

[statajack]

Zorro, I'm freaking gorgeous :becky::becky::becky:

Way to go babe !! :becky:

[zoroooo]

Zorro
It saddens me to see your gullibility dissolving into crackpot sentimentality .
Next train stop , madness.
These Russians cannot be trusted and the rule of thumb method to assess intelligence is to plot amount of alcohol consumed against country temperature variabilty . The higher the correlation the madder they are .
Proof is common sense
To the far north you have Eskimos who are so skunked they cannot be bothered to build proper houses . Just ahead of the ruskies are the Finns who are rarely seen in anything but the horizontal position and snoring loudly . Russians are so Vodka fixated that they don't eat properly , preferring to eat rancid meat soup and sing out - of - tune nostalgic ditties about the bad luck they have suffered since the year dot .

Better a Wallooon than a Russian woman bearing gifts .
For a gift in time will cost you ninety nine .
These things were passed to me by wise men from our society of wise men .

My aproach my dear friend will put you in shock diseree...Your count should stop at 69 that point of submision or of pleauress..my grandchildren who are reading you regulary told me that eskimo's are fashion and they have eco tastes... your horizontal desire to master thoose flavours will get you lost .Past and dreams about the woman will haunt you.drama about you and mother will push you back still in confused desires...dear deep soul go go and seek forshe to help...

My ofice is open from11 untll 18H 60 euro per session

[zoroooo]

Its morning,

damm that English from me is really surealistic...where is my dictionary...


zoroooo:eek:

[sunontheway]

damm that English from me is really surealistic...

Not to worry, I take it as a part of art. But I would defind it as an Abstract art; you feel that your thought is somewhere near but not possible to catch its exact form :lol:

[zoroooo]

Not to worry, I take it as a part of art. But I would defind it as an Abstract art; you feel that your thought is somewhere near but not possible to catch its exact form :lol:

Pulling your tail pousy:cool:

[sliver]

this morning the russian stock market was stopped for an hour because of crazy growth

[Lucker]

Russian meltdown ?

RTX index now down 60% since May .
Micex at three year low
Russians caught out very badly this week . They should never have dug their own grave in South Ossetia and then invaded Georgia .
At least the Covernment will not default like 10 years ago but it will cause a revision in further invasions strategy .

[Neilikka]

This financial crisis was caused not by the War waged by Georgia. It's caused by the crises stared in the USA. Don't pull our legs and don't play a fool. Do you want another article from Pravda? Only tell me, in no time.

[sliver]

if to mean this period there were three reasons for down: Mechel, war (silly anti-russian rhetoric) and mostly global one.. as you see growth of usa and euro markets brought the growth of russian one
moreover the two last reasons took away mostly so called speculative capitals.. as well russian stock market isn't too big and enough developed to influence too much. and volatiles is normal for it. as well companies' capitalization still are underestimated
if you worry about economy in general there are other considerable /important macro economical indexes you should pay attention

[zoroooo]

this morning the russian stock market was stopped for an hour because of crazy growth


Dotn worry iy was just me in the morning waking up in full growth and lenght.:bunce:


zoro

[Lucker]

No question of playing the fool .
The Russian markets are performing worse than anywhere else .
Much worse than US and UK , for obvious example .Simple Facts .

The reason for this is that Russia is having to bear the War Knock on effects IN ADDITION to the world recession facts .
Plus Russaians have so far been caught out by the fact their wealth is confined to such a few individuals . Your system lacks spread .
Hence a narrow band of top Russian companies and super rich individuals who used shares as collateral for further borrowing were caught out totally by margin calls and were forced to sell and suffer losses .
This morning , they have been so greedy to recover losses that the markets were closed for over an hour because RECOVERY WAS TOO FAST .
Markets are in turmoil despite immense propping from the war chest coffers .
Believe Uncle Ray . He knows .

[sliver]

Dotn worry iy was just me in the morning waking up in full growth and lenght.:bunce:

ghm.. did you make condie shut up? )
well, hope you are able to stay on to support all markets for a long time

[zoroooo]

ghm.. did you make condie shut up? )
well, hope you are able to stay on to support all markets for a long time


I just saw myself in the mirror...I thought I have some nice leftovers :rolleyes:

[zoroooo]

No question of playing the fool .
The Russian markets are performing worse than anywhere else .
Much worse than US and UK , for obvious example .Simple Facts .

The reason for this is that Russia is having to bear the War Knock on effects IN ADDITION to the world recession facts .
Plus Russaians have so far been caught out by the fact their wealth is confined to such a few individuals . Your system lacks spread .
Hence a narrow band of top Russian companies and super rich individuals who used shares as collateral for further borrowing were caught out totally by margin calls and were forced to sell and suffer losses .
This morning , they have been so greedy to recover losses that the markets were closed for over an hour because RECOVERY WAS TOO FAST .
Markets are in turmoil despite immense propping from the war chest coffers .
Believe Uncle Ray . He knows .

When I am reading you I am thinking ramon what hapens to you the last year...I feel you went to some course organized bye Dan and fifibob;..Sorry guys you know me I cant resist to nail you both regulary..so ramon from now put in your trousers a femish dictionary..wear it at the back side.. I have some of thoose famious nail machines..


zorozoro

[Random Walk]

George Soros has been regaling us with his views .
The best way to summarise matters is " Help"
Apart from telling us that we had not reached the worst , he said Paulsen is behaving as though he has learned nothing from the 30's crash .
With Oil now below $90 I would have thought the speculators would hit Gold soon ..


Oli is back up above $100 again. And if you didn't know, historically, gold is a safe haven during troubled times especially when the financial system is a mess.

[Random Walk]

You might possibly find out soon .
As companies collapse , amalgamate etc , unemployment rises , and with food price increases , just keeping alive will cost more .

I think you ought to write a huge letter of apology to Georgia and hope that their natural kindness and generosity encourages them to send you parcels of lovely Georgian wine ( which you stupidly banned two years ago) and fresh fruit .
We know the Pineapple crop failed in Moscow again .


What has Georgia got to do with the russian stockmarket?
I think you are confusing the topic of this thread and spewing your hate towards russia.

What the Russian stockmarket did was to correct itself after a long period of rising stockmarket values. Nothing rises to the sky, soon or later the correction will come, just as in this case. Secondly, the russian correction is partly due to the correction in oil prices as well as the demise and misery in the United States.

Currently, the russian stockmarket is back up again to unchanged levels prior to the correction. It jumped 22%.

[kentuckydan]

When I am reading you I am thinking ramon what hapens to you the last year...I feel you went to some course organized bye Dan and fifibob;..Sorry guys you know me I cant resist to nail you both regulary..so ramon from now put in your trousers a femish dictionary..wear it at the back side.. I have some of thoose famious nail machines..


zorozoro

I really don't think Ramon sails to any course but his own

[Random Walk]

No question of playing the fool .

The Russian markets are performing worse than anywhere else .
Much worse than US and UK , for obvious example .Simple Facts .

The reason for this is that Russia is having to bear the War Knock on effects IN ADDITION to the world recession facts .
Plus Russaians have so far been caught out by the fact their wealth is confined to such a few individuals . Your system lacks spread .
Hence a narrow band of top Russian companies and super rich individuals who used shares as collateral for further borrowing were caught out totally by margin calls and were forced to sell and suffer losses .
This morning , they have been so greedy to recover losses that the markets were closed for over an hour because RECOVERY WAS TOO FAST .
Markets are in turmoil despite immense propping from the war chest coffers .
Believe Uncle Ray . He knows .



Performance can be measured differently. I don't know how you measure performance by saying that the Russian markets are performing worse than anywhere else, or much worse than US and UK. I'd like to see your facts.

The Russian market has outclassed any other market in the west, including U.S and U.K.
From june 2004 to the top in may 2008, the russian stockmarket "RTS" jumped a total of 310%. Meanwhile, the U.S sotckmarket SP 500 and the U.K FTSE-100 were up 27% and 42% respectively. Now, compare that to the russian stockmarket.

If we look at the performance by the russian stockmarket as of today compared to the U.S and U.K, they still OUTCLASS both the U.S and U.K by far. Its not even a contest. Its a joke to even compare the performances

June 11th, 2004 - september 19th, 2008

Russian stockmarket = + 114%
U.S stockmarket = +11,8%
U.K stockmarket = +19,2%


Russian stockmarket is outperforming the U.S and the U.K by a margin of 9,6 and 6 respectively.

The russian stockmarket correction is simply a normal and healthy correction which occurs to all stockmarkets after a prolonged period of rising values. It has little to do with what you are saying about the "war effects". The correction began in May, long before the Georgia issue. The correction is more closely linked to the correction in oil prices.





.

[kentuckydan]

What has Georgia got to do with the russian stockmarket?
I think you are confusing the topic of this thread and spewing your hate towards russia.

What the Russian stockmarket did was to correct itself after a long period of rising stockmarket values. Nothing rises to the sky, soon or later the correction will come, just as in this case. Secondly, the russian correction is partly due to the correction in oil prices as well as the demise and misery in the United States.

Currently, the russian stockmarket is back up again to unchanged levels prior to the correction. It jumped 22%.

Russian stock market's problems not just reaction to bad news: (http://www.smartbrief.com/news/cfa/storyDetails.jsp?issueid=B2617951-FF8E-44F4-948E-B3FEBFED2C78&copyid=779933FE-1908-4442-8CF5-90456DE88867)

CFA Institute Financial NewsBrief | 09/19/2008

Russia's stock market was imploding well before major developments in the U.S. caused declines in markets around the world. The Russian Trading System lost more than 60% of its value since the beginning of July. The issues and increasing losses have prompted debate about what to do to curb the crisis. "The Russian economy is facing new and serious challenges. We require an active anti-crisis policy," Alexander Shokhin, head of the Russian Union of Industrialists and Entrepreneurs, told President Dmitry Medvedev this week. Spiegel Online (09/18)

Russian shares soar on pledge to boost liquidity (http://www.ft.com/cms/s/0/304f6fe4-86ad-11dd-959e-0000779fd18c.html)


Standard & Poor's said it was revising Russia's outlook to stable from positive in spite of the apparent initial success of the government support package.

"The outlook revision is based on growing uncertainty regarding Russia's economic policy response as the liquidity crisis in its financial markets has deepened," it said. Bankers warned that volatility could still lie ahead as the global credit crisis was yet to unwind, while the systemic risks in Russia's financial markets that helped drive markets down this week to wipe nearly $800bn off stocks since May still remained.

"The factors that were causing the market fall are still there," Andrei Sharonov, managing director of Troika Dialog and former deputy economy minister, said. Mr Sharonov said a number of repurchase agreements - which use shares as collateral - had yet to be met. Repos had been a factor behind the market's fall

[Lucker]

Random ,
Mr Ken Smutty has kindly highlighted your delusional attempts to impress me with randomly generated numbers .
Up until Thursday night , Russia was being hammered . And as Medvedev himself admitted as much , I think we can move on .
How all of us recover is something we shall all watch with interest over the coming days .

[Random Walk]

Russian stock market's problems not just reaction to bad news: (http://www.smartbrief.com/news/cfa/storyDetails.jsp?issueid=B2617951-FF8E-44F4-948E-B3FEBFED2C78&copyid=779933FE-1908-4442-8CF5-90456DE88867)

CFA Institute Financial NewsBrief | 09/19/2008

Russia's stock market was imploding well before major developments in the U.S. caused declines in markets around the world. The Russian Trading System lost more than 60% of its value since the beginning of July. The issues and increasing losses have prompted debate about what to do to curb the crisis. "The Russian economy is facing new and serious challenges. We require an active anti-crisis policy," Alexander Shokhin, head of the Russian Union of Industrialists and Entrepreneurs, told President Dmitry Medvedev this week. Spiegel Online (09/18)

Russian shares soar on pledge to boost liquidity (http://www.ft.com/cms/s/0/304f6fe4-86ad-11dd-959e-0000779fd18c.html)


Standard & Poor's said it was revising Russia's outlook to stable from positive in spite of the apparent initial success of the government support package.

"The outlook revision is based on growing uncertainty regarding Russia's economic policy response as the liquidity crisis in its financial markets has deepened," it said. Bankers warned that volatility could still lie ahead as the global credit crisis was yet to unwind, while the systemic risks in Russia's financial markets that helped drive markets down this week to wipe nearly $800bn off stocks since May still remained.

"The factors that were causing the market fall are still there," Andrei Sharonov, managing director of Troika Dialog and former deputy economy minister, said. Mr Sharonov said a number of repurchase agreements - which use shares as collateral - had yet to be met. Repos had been a factor behind the market's fall


Interesting to read what the CFA institute is writing. The problem is that they don't seem to know that the Russian stockmarket is HIGHLY correlated to the prices of oil. As I said in the prior post, the russian stockmarket correction is closely linked to the correction in oil prices.

In fact, the big initial corrrection in the russian stockmarket occurred on july 22, well after the initial big drop in oil prices on july 15th. Between july 22 - july 25 the russian stockmarket dropped 7,5%. This was the trigger.

On top of that, the U.S demise started well before the recent period. U.S financial institutions carring bad debt has been in existence since early 2007.

I'm curious how CFA institute arrive at their number of 60% loss for Russian Trading System. Looking at the RTS index during the same period as CFA is referring too (beginning July to september 19th), the trading loss is 42%, not 60%.

Nonetheless, the Russian stockmarket has outperformed any other western stockmarket by a wide margin.

As for the qoutes from "Andrei Sharanov", while repos may have been a contributing factor, the start of the russian decline coincides more closely with the decline in oil prices. Russia is commodity producer and thus the stockmarket is highly correlated to the commodity sector... oil & gas, metals etc.



.

[Random Walk]

Random ,
Mr Ken Smutty has kindly highlighted your delusional attempts to impress me with randomly generated numbers .
Up until Thursday night , Russia was being hammered .


The difference between you and Mr Ken is that he is not disputing the performance of the russian stockamarket as you are.

Originally Posted by ramonrive

The Russian markets are performing worse than anywhere else .
Much worse than US and UK , for obvious example .Simple Facts .


You have yet to support or prove your claims with numbers, more than just spewing hate or non-factual claims about the russian stockmarket.

Secondly, Mr Ken is not making the claim, as you are, that the russian stockmarket correction is due to "war effects". There is no substance to this claim.



.

[zoroooo]

The difference between you and Mr Ken is that he is not disputing the performance of the russian stockamarket as you are.

Originally Posted by ramonrive

The Russian markets are performing worse than anywhere else .
Much worse than US and UK , for obvious example .Simple Facts .


You have yet to support or prove your claims with numbers, more than just spewing hate or non-factual claims about the russian stockmarket.

Secondly, Mr Ken is not making the claim, as you are, that the russian stockmarket correction is due to "war effects". There is no substance to this claim.



.

Random..i dont know you well...but relaxe we arent in a court of justice and Ramon speaks with perfumes and flavors...so try to understand the vigorious and always in deep his friendly character of his posts...Same for mister DAN allias Ken he is here just to impress his Barbie.

I hope you dont wear a babydoll at night.


yours ZoroZoro

[kentuckydan]

Secondly, Mr Ken is not making the claim, as you are, that the russian stockmarket correction is due to "war effects". There is no substance to this claim.



.

Not quite, these things very often do not have singular simple origins. but to say
that there is no substance to the possibility that the the "War Effects" are not in
some part responsible for the concern of the international financial world and
a resultant move out of the Russian Economy is unwise IMO

There is a connection, but it is not the entire story. As one article pointed out
there were deep problems before this. How much the Georgian adventure
may have aggravated them, only time will tell.

[Lucker]

Random
You may have seen my reply . But did you read before firing back your redundant comment ?
I am sorry but I am not prepared to prove to you what everybody else knows and does not dispute .
Do your own research or get independent views . Start with something like Moscow News .

[Random Walk]

Random..i dont know you well...but relaxe we arent in a court of justice and Ramon speaks with perfumes and flavors...so try to understand the vigorious and always in deep his friendly character of his posts...Same for mister DAN allias Ken he is here just to impress his Barbie.

I hope you dont wear a babydoll at night.


yours ZoroZoro

I don't know this person but he seems to be a blabbermouth who speaks of issues without any supportive facts. I asked him to support his claims about the russian stockmarket performance.

[Random Walk]

Not quite, these things very often do not have singular simple origins. but to say
that there is no substance to the possibility that the the "War Effects" are not in
some part responsible for the concern of the international financial world and
a resultant move out of the Russian Economy is unwise IMO

There is a connection, but it is not the entire story. As one article pointed out
there were deep problems before this. How much the Georgian adventure
may have aggravated them, only time will tell.


While events may not have singular origins, there is however nothing that points to the russian stockmarkets decline having to do with the Georgian adventure. The concern here is the stockmarket correction itself which is highly, I repeat, highly correlated with the commodity market.

The Georigian war adventure is in my opinion a western attempt to insert reasons for the russian stockmarket decline. The decline in oil prices and commodities is the main reason for the russian stockmarket decline, both in terms of time/date, and economic expansion thru its most precious national income.



.

[kentuckydan]

Same for mister DAN allias Ken he is here just to impress his Barbie.

I hope you dont wear a babydoll at night.


yours ZoroZoro


The person I am involved with does not come here, so no I am not trying to impress some Barbie,

So I guess this is a claim made by you with no real information or knowledge.


In a earlier more primative time, my seconds would be calling upon you
for impugning my integrity and insulting my Lady

:fencing:

[pouffe]

The reality is that Russian economy is now connected with global economy, socialism has been largely forgotten in world of business. Russian stock market plays now in the capitalistic wild sphere and cannot react differently than the global market. Perhaps even with more bad effects as the economy of Russia is not staying on really strong foundations.
The actual crisis is crisis of capitalism as 30 years ago has been crisis of communism.
All excess drive to crisis.

[Random Walk]

Random
You may have seen my reply . But did you read before firing back your redundant comment ?
I am sorry but I am not prepared to prove to you what everybody else knows and does not dispute .
Do your own research or get independent views . Start with something like Moscow News .


You are not prepared to prove your facts because you have none. Otherwise you would have shown the numbers behind your claims. Nobody in this thread has made the claims you have.

Don't get confused. Getting independent views is not the same thing as having correct facts behind claims.

[kentuckydan]

While events may not have singular origins, there is however nothing that points to the russian stockmarkets decline having to do with the Georgian adventure. The concern here is the stockmarket correction itself which is highly, I repeat, highly correlated with the commodity market.

The Georigian war adventure is in my opinion a western attempt to insert reasons for the russian stockmarket decline. The decline in oil prices and commodities is the main reason for the russian stockmarket decline, both in terms of time/date, and economic expansion thru its most precious national income.



.

Like I said there are many facets, but there have been ample discussions in accepted publications of the effect of Georgia

Russian Stock Market Down 30% Since Georgia Invasion (http://www.acus.org/atlantic_update/russian-stock-market-down-30-georgia-invasion)


Russia's stock market has dropped 30 percent since the country's invasion of Georgia last month. BBC Moscow correspondent Rupert Wingfield Hayes attributes this to a loss of investor confidence and reports that "Some international banks estimating that between up to $20bn (£11bn)in foreign capital has been pulled out of Russia in the last month alone."

Despite this, "Russia is not in any danger of imminent economic crisis. More than $1bn a day flows in from oil and gas exports and Russia is sitting on foreign exchange reserves of more than half a trillion dollars, the third largest in the world."

Georgian conflict takes toll on Russian stock market (http://www.iht.com/articles/2008/08/27/business/ruble.php)

MOSCOW: The effects of Russia's first foreign war as a capitalist country have wreaked havoc on the Russian stock markets, which dropped this week to their lowest levels since 2006. But so far the conflict has done little damage to its robust, oil-driven economy.

Yet the loss of billions of dollars in paper value is confronting the Kremlin with a dimension to its geopolitical posturing that never existed during the cold war, even as Russia seemed to be consolidating its gains in Georgia after the conflict.

When the Russian president, Dmitri Medvedev, recognized the independence of two separatist regions in Georgia on Tuesday, the benchmark Russian Trading System index plunged 6.1 percent. It recovered about 2 percent on Wednesday.

It has lost 31 percent in the third quarter, in a sell-off deepened by grim warnings from Western leaders for unspecified diplomatic or economic retaliation for the move to recognize South Ossetia and Abkhazia.

The war of words apparently frightened foreign investors, who fled what they feared would grow into a full-scale falling out with the West over Russia's actions in Georgia.

Russian invasion spooks investors (http://news.bbc.co.uk/1/hi/business/7600784.stm)

After further falls on Friday, the Russian stock market has plunged more than 30% since the country's invasion of Georgia last month.

Investor confidence has been hit hard by the conflict.

Some international banks estimating that between up to $20bn (£11bn)in foreign capital has been pulled out of Russia in the last month alone.

Since the invasion the value of the rouble has slumped, reportedly leading to the central bank stepping in.

So whereas Russia may have got away with a slap on the wrist from Europe for its invasion, Moscow is being punished much more directly by international investors.

Analysts in Moscow say Russia is now seen as a risky place to invest and it will be a long time before confidence returns.

But Russia is not in any danger of imminent economic crisis.

More than $1bn a day flows in from oil and gas exports and Russia is sitting on foreign exchange reserves of more than half a trillion dollars, the third largest in the world.

But the financial fall out from Russia's Georgian adventure may now be giving the Kremlin reason to pause for thought

This last seems to be a duplicate of the first article

Russian Stock Market falls due to Georgia-South Ossetia conflict (http://www.russia-ic.com/news/show/6870/)

8.08.2008

RTS has dipped 5% to 1749.3 and keeps falling, while MICEX lost 4.26% to the mark of 1373.78. The analysts refuse to make any forecasts concerning the Russia stock market in view of escalating conflict in the Caucasus. The vast majority of blue chips, including Gazprom, Lukoil, Polyus Zoloto and others, plunged about 5-6%.

Experts presume the situation may get worse, in case of relations between Russia, the USA and Europe get cooler to stimulate foreign capital outflow. Russian stocks have been falling for a month and soon may reach the bottom.

source:
www.rbc.ru

[alpine-frolic]

Pleasent to see Ramonrave and Randomdrive in same post.

[zoroooo]

I don't know this person but he seems to be a blabbermouth who speaks of issues without any supportive facts. I asked him to support his claims about the russian stockmarket performance.


arent we all blabbermouths?

Or is your ambition to get an LL phd...sorry but I am the skating judge and your triple salto needs improvement.

:becky:

[zoroooo]

The person I am involved with does not come here, so no I am not trying to impress some Barbie,

So I guess this is a claim made by you with no real information or knowledge.


In a earlier more primative time, my seconds would be calling upon you
for impugning my integrity and insulting my Lady

:fencing:

your choice of the wapens...My I sugest creampie trowing ?:faint:you won...

ladiessssssssss my body has a coating of creammm nobody needs????:shocked:

[Voobrazheniye]

Methinks that perhaps the "not-so-nice" person has returned under a new name.

[RiverRock]

Seems like it, Though, it is a little harder to tell now that we don't have someone's profile to look at on L.L.!!!!!!!!!!!!! :mad:

[zoroooo]

Seems like it, Though, it is a little harder to tell now that we don't have someone's profile to look at on L.L.!!!!!!!!!!!!! :mad:

thought the same....

[Random Walk]

Like I said there are many facets, but there have been ample discussions in accepted publications of the effect of Georgia

Russian Stock Market Down 30% Since Georgia Invasion (http://www.acus.org/atlantic_update/russian-stock-market-down-30-georgia-invasion)


Russia's stock market has dropped 30 percent since the country's invasion of Georgia last month. BBC Moscow correspondent Rupert Wingfield Hayes attributes this to a loss of investor confidence and reports that "Some international banks estimating that between up to $20bn (£11bn)in foreign capital has been pulled out of Russia in the last month alone."

Despite this, "Russia is not in any danger of imminent economic crisis. More than $1bn a day flows in from oil and gas exports and Russia is sitting on foreign exchange reserves of more than half a trillion dollars, the third largest in the world."


The main facet is tied and linked to the commodity market and global economic trends. Not the Georgian issue. This is true both in terms of time and date, as well as economic realities from the commodity sector.

Saying that the Russian stock market has dropped 30 percent (as the article states) since Russia chose to protect its citizens in South Ossetia means little since the main link is falling oil prices and commodities. That's where Russian income comes from. Once oil prices start to rise in a steady fashion, russian stockmarket will most likely rise faster than ever.

Again, its western news media or western institutions trying to make the Georgian issue as a link to falling stock prices in Russia.

[kentuckydan]

arent we all blabbermouths?


:becky:

True, but you could have worded it more tactfully :neener:

[Voobrazheniye]

arent we all blabbermouths?

Actually, Lavuun, I think it would be more correct to say that we are "gabbermouths" here. Got to keep with the program. ;)

[Lucker]

Random
Are you word blind?
Read any decent broadsheet world wide .
Look at Russian actions this week and their own words .
Look at market indices which I quoted , if you had bothered to look , before you made yourself look just a little silly .
If you address any further remarks to me on this subject , you will be talking to yourself .

[alpine-frolic]

Random
Are you word blind?
Read any decent broadsheet world wide .
Look at Russian actions this week and their own words .
Look at market indices which I quoted , if you had bothered to look , before you made yourself look just a little silly .
If you address any further remarks to me on this subject , you will be talking to yourself .

In same time i really wonder if he is waiting for any of your remarks.

[sliver]

OMG, how many western analysts have been caused anxiety by fall russian stock market.. and all of them amicably explain it with caucasian conflict

but.. what would you say about USA or UN markets.. or Ukrainian after all?.. how do these analysts explain them?

:yo:

[Lucker]

Sliver
If you bothered to read all of the previous Posts , the answers you search for are clearly indicated . Kentucky even went out of his way to provide a simple guide for those who read about markets twice a year and foolishly believe they can understand matters in five minutes .
I often say this to people when I have not the inclination to waste further time on matters that have largely moved on
You can walk in the forest but it will not help you spot the differences between the wood and the trees .
I feel sure that Pravda is far better equipped to give you the medecine you crave

[sliver]

Sliver
I feel sure that Pravda is far better equipped to give you the medecine you crave

Pravda.. what's this, ramon?
i never read such media.. there are 'commersant' publishing, 'expert', etc... otherwise russian business community wouldn't read them. it's too smart not to swallow rubbish especially global mass media like CNN or BBC that are for morons ;)
as to european conflicts i prefer to look through asian media that less 'involved in'..
please don't make suggestions about people if you know nothing about them :yo:

[brown-raider]

don't know much about the russian stock market, so I won't say nuttin:confused::becky:

[Lucker]

It's not important and with the YRWM knowing nothing either , you are in good company .

[Lucker]

Sliver ,
I actually take umbrage at the BBC being joked about by people who have every major media outlet gagged .
Without any shadow of doubt the BBC remains the most reliable and respected news source in the World .
Anybody who wants to take issue with that would need to provide remarkable evidence to sensibly and therefore intelligently question that assertion .
I am franky amazed that intelligent people like yourself do not embrace this institution and use it as a first step to seeing the world through fresh eyes rather than the stale , narrow and propaganda filled outpourings of State regulated machines.
I have met many East Europeans both in their own countries and here in the UK . One of the most disturbing and sad sights is the high proportion who are unable to even look at democracy because of the fear it creates in them . Some are shattered by the idea of thinking and acting for themselves . Others just refuse to even consider an alternative world voice which throws everything that they have previously worked with into disarray and complete chaos .
Until opportunities like this are grasped , most attempts to progress will flounder and fail , imho

[sliver]

Sliver ,
Without any shadow of doubt the BBC remains the most reliable and respected news source in the World .
OMG, Ramon, BBC is a great PR-project, well-managed and well-controlled.. the ideal mass machine to form public opinion.. also with its participation there were created image of 'fascist' serbians and so on.. great media illusions.. i'm amazed to hear that you believe in all their sh*t :eek:

[Lucker]

And at that point we reach an impasse .
As things can be independently assessed and checked , I say "Ignorance is bliss"---- not as a childish insult but as a serious comment .
It is true that many British, like myself , can be probably rightly accused of being over patriotic and dangerously proud of their heritage and the present position we hold , not only politically but also culturally and as a role model for others . Part of my display includes show boating and playing to the gallery .
However , all of this is constantly tempered by our strong educational values which ingrained in us the need to progress intellectually via scientific method but to keep our minds always open to alternatives and discoveries .
It is surely not coincidence that we are one of the most innovative races on the planet and in contrast Russia lags very badly --- your Achilles heel along with a declining population and chronic alcoholism ruining such a huge number of your people .
It seems as though Russians have got used to sleepwalking through life doing exactly as they are told and thinking exactly as instructed .
OK . I do not censor myself and I know how assertive I can be . But do you really think someone of my background and nose for trouble would not have sniffed out a fraudulent BBC many years before I had even first visited your country ? I am a psychologist , profiler and sceptic by inclination and life practise . What makes you think I can't see shite when it is on my own doorstep ?
No . You must put more effort and sense into your arguments .

[sliver]

ramon.. alcohol didn't prevent soviet people to be educated, thinking, reading a lot and very smart :becky: it can ruin only brits

[Lucker]

Sliver
I appreciate that when you are back pedalling furiously , you have to forget serious chat and fall back on humour .
But culturally Russia is presently judged sterile and flat and has been for a few decades .
Where are your writers of international value ? Painters ? Film Directors ? Fashion Creators ? Composers ? Even the Bolshoi and the Ex Kirov , whose new name I have momentarily forgotten ( M???? ) , receive uninspiring reviews .
Is it unrelated that since drug enforcement procedures have advanced , your Sports success level has declined and even in the world of boring Grand Master Chess , your star has been eclipsed by an Indian since Kasparov the Armenian retired for regular FSB beatings .
There is a vibrancy and dynamism in some cultures which I am no longer seeing in the Federation . It is entirely subjective but to me it is symbolic that Russian Pop music is the most boring and predictable in the world wheras Russian computer Hackers ( Cheats ) are probably the best ( brilliant in Georgia ) .

[fbibob]

Just an aside here. I want to congratulate Ramon and Silver on their argument.

They are obviously in complete disagreement with each other. But for once a disagreement has had both sides talking with their own evidences and talking points without having to try to use personal insults and offensive language.

This is a good example for the whole LL/Gabber community.

[Lucker]

Clearly I am unwell .
I know Sliver from old . She is a wind up merchant and is connected .

Also I don't want to disappear on my next trip .

[beezneesman]

Clearly I am unwell .
I know Sliver from old . She is a wind up merchant and is connected .

Also I don't want to disappear on my next trip .

I suspect you will have an accident with a policeman's gun on the way from the airport on your next trip.