Russian stock market in free fall!

[cilla4progress]

Great news!!

Link to tweet

?t=BW3J3LqA1D_g67LvsQtxNA&s=19

[Ocelot II]

1. I didn't know they had one.

Are stock markets allowed in oligarchies?

[cilla4progress]

3. Good q. Guess so.

I'm following this excellent Ukranian journalist and his medit outlet:

https://kyivindependent.com/author/illia-ponomarenko/

[llashram]

33. thanks

for an on the ground reference. Indispensable.

[electric_blue68]

43. This 2nd gen half Ukrainian American says thanks for this!...

Has some serious creds. 👍

[cilla4progress]

44. Cool.

Good to know.

You welcome!

Go Ukraine! Wish I could help somehow!

They R us!!

[Slammer]

54. +1 n/t

[Farmer-Rick]

45. Yes, oligarchies have stock markets

That's one of the ways the oligarchy makes money. The average citizen may play the market too but they are usually too poor to risk the little money they have. So then the market is mostly flooded by the oligarchs' stolen loot.

At the same time, government money used to help the poor is put into the markets so that oligarchs have a built-in reason to not provide the assistance. Sorry the market went down and now you get to feed your children on $2 a week.

[Escurumbele]

48. Yes, but only about 10 people have stocks, Putin and 9 others...Only kidding

Putin doesn't care about the stock market in his country, he doesn't care about the people either, he is as narcissistic as he pupil and lapdog trump, so whatever Putin thinks is good for Putin, that is what he will do, the hell with the rest of the people.

Not sure if anyone knows, but Lenin used to have the people in his cabinet dance for him, he would play the same record over and over and drive them to exhaustion, I have to think Putin does the same.

[Thomas Hurt]

2. Does Putin care?

[cilla4progress]

4. I think not.

But if we can get the people and his "Senior Staff" (oligarchs) to care... !

[TheBlackAdder]

53. No. He and his boys are positioned for profiteering off of the small domestic investors.

.

I'm surprised that Cramer wasn't suggesting to buy Russian stocks on Friday.

Even if Putin and his flunkies weren't positioned, I wonder if the Russian Exchange would make post-trade adjustments.

.

[sop]

5. Wow, Putin had the Russian Stock Market pushed out of a fifth floor window!

[Hortensis]

8. !

[Brother Buzz]

13. Totally DUzy worthy!

[EndlessWire]

14. LOL! n/t

[zuul]

20. HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA!

[TheBlackAdder]

21. I think you're right.

.



.

[PatSeg]

35. Perfect!

[L. Coyote]

29. During his speech and meeting, down 12%.

Pushing up the price of oil is having negative consequences it seems.

Link to tweet

Link to tweet

[OMGWTF]

30. Vlad the Defenestrater

[Escurumbele]

49. Good one...

[former9thward]

6. The Russian market was down 10.5% today.

But the price of oil increased about 2.5% as it edges towards $100 a barrel. That brings tens of billions of dollars to Russia.

[alittlelark]

9. Russia's economy is a gas station

That Putin owns. Doubt that he cares.

[cilla4progress]

12. Isn't US more oil-independent

than ever?

[former9thward]

16. Yes.

But only a small amount of Russian oil goes to the U.S. They sell to China, India, Japan and many other countries.

[Celerity]

17. U.S. Imports of Crude Oil 1973 - Present (Not Seasonally Adjusted)

https://www.census.gov/foreign-trade/statistics/historical/petr.pdf

[L. Coyote]

34. Chart:

?itok=izu24aLn

[Tommy Carcetti]

7. The stock market's in a free fall?

Thanks, Biden.

[Pinback]

25. Have you checked your 401Я lately? (nt)

[Bernardo de La Paz]

27. Russian investors are saying "Let's Go Rasputin!" . . . nt

[AngryOldDem]

10. First clear sign that Vlad's overplayed his hand.

[MaryMagdaline]

11. Go Capitalists! Do what you do best

[fierywoman]

15. The oligarchs in Russia will not be happy with where Putin has put them.

[cilla4progress]

18. Counting on this.

...

[crickets]

23. May they continue to be unhappy.

eta https://tradingeconomics.com/russia/stock-market

The ruble-backed MOEX Russia Index plunged as much as 14% to close at 3037 on Monday, the lowest since November of 2020 and the steepest daily decrease since March of 2014, amid continued threats of war in Ukraine. [rather grim chart at link]

Yoiks.

[L. Coyote]

31. They are making billions off the high oil prices.

[multigraincracker]

36. Would not be surprised if he and

his buddies shorted the market and made a gazillion rubles this week.

[L. Coyote]

39. There is something very wrong with plutocrats using Russia's military to raise crude price 50%

And where is all that money going? Ask the money laundering specialists. How much of that money is directed to end democracies?

Link to tweet

Link to tweet

[AngryOldDem]

19. Surprised the Dow isn't tanking.

Looks all but certain that war is coming.

[Totally Tunsie]

22. Markets are not open today for the holiday.

Tomorrow should be fun...not.

[AngryOldDem]

41. ARGH! That's right.

Maybe I forgot because I’m working.

😐

[progree]

26. S&P 500 closed Friday down 9.3% from its all-time high, close to a correction

A correction is generally defined as down 10%. So am anticipating reaching that point tomorrow.

[roamer65]

24. Now is the time for a war on the Rouble.

The Fed, BoJ and ECB should start dumping roubles.

[LiberalFighter]

28. Was Putin involved so he could make a killing?

[bucolic_frolic]

32. Isn't that the purpose of all this insanity?

At these valuations when every last sucker is in, they crash markets to make a buying opportunity for hedge funds. Bagholders at the top, dumpers at the bottom. That's the way markets work.

[lpbk2713]

37. Capitalism isn't meant for everyone.

Especially when you have a leader like Putin.

[Yo_Mama_Been_Loggin]

38. Maybe the oligarchs will rebel against Pooty Poot

Hey one can hope.

[yaesu]

40. Their currency will also take a big hit, Russians will see some serious inlation. nt

[WarGamer]

42. unfortunately... so are US markets.

A very large number of tickers are already below pre-pandemic levels.

Even the "great names" of the US economy are way off their recent highs.

AMZN down 9% in the last year...

GOOG down 14% in the last 3 months

Facebook (Meta) down 25% in a year

Shopify down 54% in a year

Netflix down 29% in a year

TSLA down 23% in the last 3 months

[BumRushDaShow]

46. U.S. markets are closed for the President's Day holiday

so although it will be volatile tomorrow, I expect it might not be as volatile as it could have been if the markets were open today.

Unfortunately crude (WTI) is up to around $94/bbl.

[Slammer]

47. markets

Here's a better look at how much the Ukraine situation is affecting the Russian stock market and tanking their oil and gas index.

https://markets.ft.com/data/world/countries/russia

[FakeNoose]

50. This is why we need to enforce the Magnitsky sanctions against the Russian oligarchs

No laundering of Russian cash in Western (US/UK/EU) banks! They can take their blood money and bury in Siberia for all I care. Don't allow them to profit from our economy, and don't allow our banks to help them launder money.

Read Bill Browder's book, "Red Menace" that explains exactly how this Russian crime wave has affected our economy and our political system. They really are a menace, and there's no exaggeration in that title.

[Escurumbele]

51. Just imagine if we stopped our dependency on oil, that would bring Russia down without firing a

bullet, and the World would be so much better, it is a win-win.

[NQAS]

52. Alcohol

I wrote the following note to the NH Liquor and Wine Commission, which runs all liquor and wine outlets in New Hampshire:

In light of the Russian threats to declare war on Ukraine, I'd like to propose that the NH Liquor and Wine Outlets remove all Russian-made products from your shelves. I realize that you are probably not buying directly from Russia and that Russia and Russian companies have already benefitted from your purchases.

If Russia steps back from the abyss, then perhaps the Commission could return those products to the shelves. In the meantime, I think it would be a valuable symbolic move.

Thanks.

[Texin]

55. Didn't Russia 'annex' Belarus or the Crimea in 2008?

[live love laugh]

56. Who's it hurting? 🤷🏽‍♀️ Surely not insulated Putin. nt