Russia's stock market has lost nearly 40% of its value today

[Nevilledog]

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Tim O'Brien
@TimOBrien
Russia’s stock market has lost nearly 40% of its value today — and at one point was down nearly 45%. It’s one of the biggest single-day meltdowns in modern market history.
8:19 AM · Feb 24, 2022

[uponit7771]

1. K&R, while it looks like DOW is bouncing off a 10% correction

[dchill]

2. That's gotta hurt!

I hope.

[orangecrush]

3. GOOD

I hope it hits zero.

[PJMcK]

4. The US markets aren't doing too well, either (n/t)

[Wednesdays]

7. NYSE has lost 1.7%

In contrast to Russia's losing 40%.

[PJMcK]

11. The trend in the US markets has been negative for weeks

My portfolio has diminished by over 10%.

No, we're not Russia. Still, war never really helps the economy.

[SWBTATTReg]

5. Maybe putin will realize that War is expensive, especially unnecessary War. Perhaps this is a

signal that the "ones in the know" know something else that's going on, resulting in Russia losing 40% of it's value.

Guess how many Russians will yell and scream at this happening? I suspect hardly any, being that only a few people in Russia have all of the money whereas the rest of the Russian people have nothing. This is putin's Russians, he put all of his buddies in place so they could rip off the people and all of the Russian assets when the communist Soviet Union collapsed. So, while putin is moaning about the lost Russian empire, he and his buddies are running to the banks, being hypocrites about it too.

[PortTack]

6. Who invests in the Russian stock market? Can't imagine it's the rich and powerful

Yet it isn’t the average russian citizen either, they have nothing to invest

[Sneederbunk]

8. Moscow Mitch lost money today.

[hunter]

9. Putin may not know it yet (Soviet fossil that he is) but China now owns his ass.

For a few words of support China now get first dibs on Siberian natural resources, and possibly Ukrainian agricultural commodities as well, should he manage to hold his position.

I doubt China is going to be accepting Rubles in trade with Russia.

[Hav]

10. Please proceed...

Whatever business and investments may be lost between Western countries and Russia, I hope it will be balanced out by more business between those Western (or other) countries. Longterm consequences are needed.

[PurgedVoter]

12. If you have inside knowledge, buying stock when it is low can be a good investment.

For example, if you knew that Putin had just ingested some polonium, you might consider this the moment to buy. If the people waiting to take over were pro democracy and pro nuclear disarmament and willing to take exchanges and help for a huge reduction in force, then you would be a fool not to buy while it is low.