Posted on 02/28/2022 10:43:04 AM PST by Red Badger
Russia Stocks Fall Most Globally as U.K. Responds To Poisoning
Russia-focused funds plummeted 25% Monday as individual stocks crashed as much as 75%.
KEY FACTS
After the nation's currency plummeted to a record low in morning trading, Russia's central bank announced Monday it would close the Moscow Stock Exchange, the nation's largest trading group, until March 5 as it "assesses the feasibility" of reopening "depending on the development of the situation."
Though some 200 stocks didn't trade on the Moscow Stock Exchange Monday, a handful of Russia-focused exchange-traded funds, which track baskets of stocks in the country, still traded in the U.S.—with the VanEck Russia ETF and iShares MSCI Russia ETF, the two largest with about $1 billion and $350 million in assets, respectively, cratering about 25% apiece.
Without active trading in Russia, Harry Whitton, head of ETF sales trading at Old Mission Capital, told CNBC the prices are largely based on investor sentiment and stock futures, recalling that when Greece closed its markets during six weeks of economic turmoil in 2015, stocks reopened at nearly the same value as the ETFs in the U.S.
Some of the largest stock holdings in the funds include oil giants Gazprom and Rosneft, as well as financial institution Sberbank, whose London-listed shares crashed 74% on Monday.
With hundreds of millions of dollars in market value wiped in the U.S., a top executive at index provider MSCI told Reuters on Monday the Russian market has become "uninvestable," arguing that removing the nation's listings from indexes was a "natural next step" if clients and investors can't transact in the market.
(Excerpt) Read more at forbes.com ...
Economic warfare by the Globalists who support Ukraine.
Yes, led by the well known globalists in Poland.
Baron Rothschild, an 18th-century British nobleman and member of the Rothschild banking family, said: “the time to buy is when there’s blood in the streets.” He should know. Rothschild made a fortune buying in the panic that followed the Battle of Waterloo against Napoleon.
We’ve got blood in the streets. Any bets on when his heirs, Goldman Sachs and Black Rock start moving into Russian stocks?
Most of the larger Russian stocks trade as ADRs in the US.
You really support a mad dictator like Putin? Are you American?
Good job, Pooty.
No, how about the consequences of being an evil scumbag thug criminal gangster nation?
Will be interesting to see how this continues.
If the Russian economy is wrecked, one wonders if Putin will become more likely to consider the use of nuclear weapons, especially if his country collapses due to economic warfare.
I don’t know if the Russian leadership calculus goes something like “our country is wrecked beyond repair economically, so now we need to respond militarily”.
> ...“the time to buy is when there’s blood in the streets.” <
I was actually just thinking about that quote. On the other hand, there’s “don’t try to catch a falling knife”. But on balance Baron Rothschild is right, and I try to follow his advice. Unfortunately, by the time I get all my ducks in a row everything is back to normal.
(I’m a ridiculously slow duck-herder.)
All his cronies will be very angry.............
I suspect these Putinists would have a different opinion if they were under Putin’s cluster bombs today. This is all just a parlor game and hobby to them. They’ll sleep well tonight. No worries.
10 million Ukrainians slaughtered by Russian leader Uncle Joe. Why on earth do you think they would ever want the Russian boot on their throat again?
Can’t someone do something about these FREAKS!!??
BS. Hunter Biden and other connected swamp rats will make a fortune.
When oil hit $150 in 2008, Putin took Georgia. When oil was back to $100 in 2014 he took Crimea. Biden’s energy policy reversals have allowed Putin to bring in $85 billion in profit during the past year and that’s what is paying for his war on Ukraine.
History is clear: oil and gas profits are financing Putin’s expansions. The way to stop Putin is to put Trump’s energy policies back in place and drill baby drill.
I had a neighbor who was a very old and highly experienced stockbroker.
The quote of his that always stayed with me:
“The market is the only place where people run OUT of the building when there is a sale on”.
The ruble has become rubble.
Reagan broke the Empire of Evil by having the Saudi’s pump like crazy while Baker engineered the dollar to get super strong. The combination was $10 Crude which starved the Soviets income stream and forced them under.
I think the idea is that Ukraine is the playtoy of globalists, and the globalists are the enemy, so Putin must be our friend.
Some people have a hard time getting their head around the notion that sometimes the enemy of your enemy can also be your enemy.
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