Russian stockmarket down 15% today

gwb-trading · Oct 27, 2003

The Russian market lost 15%. They are afraid that Putin's government will now go around arresting other business executives and start disbanding their companies.

Quote from vanilla2:

i must be confused, was it the incarcerated tycoon's company that lost 15% or the entire russian stock market?

electron · Oct 27, 2003

Quote from gwb-trading:

The Russian market lost 15%. They are afraid that Putin's government will now go around arresting other business executives and start disbanding their companies.

Business executives? Quite a nice euphemism for 'mafia'.

Mecro · Oct 28, 2003

Quote from electron:

Business executives? Quite a nice euphemism for 'mafia'.

Kinda like NYSE and the Ivy League old boys club

bungrider · Oct 28, 2003

ok, so what are we gonna buy??

anyone have a list of ruskies listed here on US markets...??

ElCubano · Oct 28, 2003

I guess they didnt want the deal to go through.....Imagine an American Company owning a piece of the pie...

heilbronner · Oct 28, 2003

What options of Russian stocks are actively traded in US?
I was looking for YUkos and Lukoil, but I didn't find any?
Anyone trading options of Russian ADRs in US?

heilbronner · Oct 28, 2003

I also need the US symbol for "surgutneftegaz", which should be traded in US, because it's quite big in Russia IMHO.

Mecro · Oct 29, 2003

Quote from bungrider:

ok, so what are we gonna buy??

anyone have a list of ruskies listed here on US markets...??

Energies and industrials. The backbones first for safer gains. Or you could take some chances on the high techs.

The reason the Russian market is down 15% is because it's a bubble bursting. Not a big one, but still, stocks are overvalued ahead of their progress. It's just natural.

gwb-trading · Oct 30, 2003

Moscow Market Plunges for Second Time

http://story.news.yahoo.com/news?tm...&e=4&u=/ap/20031030/ap_on_re_eu/russia_tycoon

chasinfla · Oct 30, 2003

markets don't like it when the state interferes with private ownership of property; assets are repriced to adjust for the risks (i.e. risk of seizure, low productivity, liquidation, etc.).