Russia’s Central Bank to Buy Government Bonds
one day ago
On Monday, trading will open for government bonds
https://www.themoscowtimes.com/2022/03/18/russias-central-bank-to-buy-government-bonds-a76996
The Moscow stock market being closed for a few weeks may have been caused by Ukraine hackers.
https://www.forbes.com/sites/thomas...aines-cyber-army-responsible/?sh=4df053fb77ca
Really?Well that was pretty dumb of them. Hackers should stick to coding, not market manipulation.
The Moscow exchange will now bounce on re-open after an initial sell-off. It should have remained OPEN during this whole debacle, so the oligarchs could watch their fortunes go down the drain and SELL, SELL, SELL!
Tomorrow, it will be open for just a few minutes only.
Then it will be closed for the rest of the day due to Limit Down.
MOEX Russia index peak was on Oct 2021 @4300.
The latest price was @2470 on 25 Feb 2022, an almost a 100% drop.
Tomorrow, it will be open for just a few minutes only.
Then it will be closed for the rest of the day due to Limit Down.
MOEX Russia index peak was on Oct 2021 @4300.
The latest price was @2470 on 25 Feb 2022, an almost a 100% drop.[/ Items QUOTE]
It sounds like a similar mistake in the retail industry Item wholesales for $50 and retails for $100. Retailer will incorrectly say that his profit margin is 50% while his profit margin is actually 100%.
I've see fools talk about 300% drops. e.g. They buy an item at 100 fully paid and sell it for 25 is a 300% drop. 75/25 = 300% loss which is obviously wrong.100% drop would be 0.