Markets plunge on Ukraine crisis; Russia’s central bank intervenes [Russian markets panic]

The Globe and Mail ^ | 3 March 2014 | Eric Reguly

[Alter Kaker]

Russian markets plunged Monday morning as investors reacted to the prospect of Western-led economic sanctions aimed at punishing president Vladimir Putin for Russian actions in Crimea.

The selloff prompted the Russian central bank to take aggressive action to try to stabilize the markets. As the ruble sank to new lows against the euro and the dollar, the bank raised interest rate by 150 basis points (1.5 percentage points), lifting it to 7 per cent.

[demshateGod]

The Never-let-a-crisis-go-to-waste Chicago thugocracy has something planned. This may be what 0 meant by “more space.” We’re dealing with evil beyond our comprehension.

[Bobalu]

Amazing!
A post that made me grin...on a thread like this ...thanks for that :-)

[Thunder90]

Remember, the Chinese are about to make a land grab of their own, on some Japanese held islands near Taiwan.

[Gay State Conservative]

Watch for Comrade Putin to cut off oil and gas supplies to Europe.This thing could get awfully ugly...as Governor Romney suggested during one of the 2012 debates.Osama Obama mocked Romney for having suggested such a thing.IIRC he told Romney that 1980’s foreign policy is calling his name...or something like that.And IIRC Governor Palin has also commented on how dangerous Vlad Putin is.

[OpusatFR]

I don’t like losing money, even a penny.

I don’t like it at all and am a very sore loser.

I’ve always hated people’s platitudes on losing and being content with that.

That’s the type attitude that is infecting this country.

Losing be damned.

[John W]

Down 169.76(1.04%) 10:18AM EST

[Labyrinthos]

-129?? Wiff of panic?? Sounds like a CNBSC soundbite. Call me when we’re down 3+% with a dropping bid. For the third day in a row.

Thank-you. Anyone who makes a big deal over a 1% drop has no business investing in the markets. A 5% to 10% decline right now would be a good thing.

[John W]

Not sure those are allowed in The Obama Era.

[Proud2BeRight]

Cool!

[KarlInOhio]

So this is what Obama’s promised flexibility to Russia feels like.

[2harddrive]

QUESTION: If Ukraine still had their nukes, would the Red Army have invaded???

[GraceG]

[ Seriously.

The down opens down .8%. Catches a bid and trades orderly down .6%.

Meaningless.

It would also be meaningless if the market gave back 5% this week.

This market hasn’t been allowed to correct forever. It won’t be now, either. ]

Factor in as well the market is more disconnected NOW that it has EVER been from REALITY.

[Red in Blue PA]

This market hasn’t been allowed to correct forever. It won’t be now, either.

Was just watching CNBC and they were discussing one of the recent economic reports which was negative, blamed on the weather. But they went in and were picking out some of the respondents who had upbeat things to say. They will do everything they can to prop up this market for their boy.

[Red in Blue PA]

Ukraine could launch nukes and the market would likely pull back 2% but end the day ahead.

Disconnected from reality.

[Drango]

PANIC!!!!!

Run around like chickens with heads cut off...Cow farts generate bigger corrections...

ping me when the market drops 3% or more, several days in a row. Till then, this is random market noise.

[RetiredArmy]

I smell Gog and Magog in the morning!

[JPG]

[catnipman]

Russian markets punishing Putin more than ubama.

[Alter Kaker]

PANIC!!!!! Run around like chickens with heads cut off...Cow farts generate bigger corrections... ping me when the market drops 3% or more, several days in a row. Till then, this is random market noise.

Next time try reading the article. No suggestion of PANIC! on Wall Street -- the panic is in Moscow.

[mn-bush-man]

Next time try reading the thread. There IS a suggestion of PANIC on Wall Street in post 3.

Our markets are doing a good imitation. Futures now down 129. Wiff of panic in the air. I hope everyone has their shorts on.

The comment you are critical of is from a string of replies to that post specific to the US markets.