Posted on 09/10/2008 7:06:06 PM PDT by jimbo123
NEW YORK (MarketWatch) -- Russian equities fell sharply for a second session on Wednesday, as investors continued to exit the market amid pressure to meet margin calls, pushing the RTS stock index down more than 40% year-to-date.
In Moscow, the dollar-denominated RTS index fell 4.4% to end at 1,334 points. It is down 42% year-to-date. The RTS index has fallen 19% only this month.
(Excerpt) Read more at marketwatch.com ...
Just a damn shame.
Couldn’t happened to a nicer bunch of corrupt dictatorial fascist thugs and killers.
“I’ve got Georgia on my mind...”
“I’ve got Georgia on my mind...”
“I’ve got Georgia on my mind...”
Aside from maybe Gazprom, which eventually will be horribly mismanaged, there is little reason to really invest in Russian markets. The economics of doing anything there besides natural resources (mining, oil) are absolutely atrocious. The well-educated Red Machine Russians are retiring, giving way to less educated society in the workforce. The birth rate in Russia is atrocious, as is the mortality rate. The middle class that was built in the early 00’s is slowly disappearing as the government and the super-rich take control of anything profitable.
George Bush’s fault.
This gives him the perfect reason to take over what he wants and since the values are all down down down, any settlement with owners will be a a low cost.
Good money flowing like Georgian refugees out of the market.
And how many US Treasuries do the Russians hold? Haven’t they sold some this year? Don’t they help fund our debt?
Rumor has it that Putin is the beneficial owner of 4.5% of Gazprom. Not sure I'd want Pooty Poot as a partner.
Putin is ok with this. Its by design. Now he can come to the rescue to the Russian people with Stalin type communism. Just like he saved those tourists from that tiger earlier this year.
Its a preface to The Revolution.
Who in their right mind would invest their money with a bunch of KGB Mafia thugs?
well, according to the EU poll, the world wants Obama... send him over.
“with Stalin type communism. “
Perhaps you meant KGB type communism.
Innerestin’
It wasn’t a populist movement that created the latest russia.
It was a handful of men that wanted to pump out all the money and move to London.
Russia is doomed to fail, again.
Russia is number 3 (after China and Japan).
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