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Europe/Russian Stocks Surge Most In 6 Weeks On US/EU Sanctions
As the US and EU press forward with sanctions - proclaiming them as the first step in punishing economic actions - the world's stock markets could not be happier. European stocks are up over 1% - their best day in 6 weeks; Germany - notably hard-hit on the basis of its gas-dependence - is surging by the 2nd most this year as Italian stocks rally a ridiculous 2.4% (its 2nd best day in 7 months). Everyone loves a good short-squeeze on war escalation but we suspect the surge in Russian stocks - up 8.5% from Friday lows - (and the Ruble) will be disappointing more than a few of the world's great thinkers in Washington and Brussels.
European Stocks surge...
Led by a huge short squeeze as sanctions were announced (led by Italian stocks of course!!)
But - Russian stocks are roaring - up 8.6% from Friday's lows... not exactly what the politicians were hoping for...
This is the biggest 2-day swing in 18 months for Russian stocks - imagine how much higher it will go when the US reallt gets going on sanctions.
Charts: Bloomberg
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BULL-FOOL-ASININE-ISH!
Stocks spiked as Lehmann rolled over. Same thing, give it a few days before the ugliness appears.
It all makes sense now.
Putin needs to grab more countries. It's very bullish.
Oh he will. There is absolutely not one single thing able to stop him, except of course, maybe some hot blonde..
Wait, that's Barry...
Punked with a capital P bitchez!
"distract them with an airliner story. this will all blow over soon."
we'll see.
If what happened in Kiev happens in Moscow...or Beijing...the market...all markets...will start to take note. So far "the wheeling and dealing is bigger and better than ever!"
Bear Market, bad. Russian Bear Market, good.
A couple tactical nukes in Western Ukraine should push the ES right to that 1900 target the Squid is calling for.
inside wall street would literally explode the dow.
did someone to notice how quetly is china about saction
They're too busy buying the gold dips
This market makes complete sense......fucking right
Why would sanctions cause a short squeeze? My uneducated opinion is that sanctions would cause severe damage to Europe's economy. Wouldn't it make sense to double down on shorting rather than buying to cover?
Market is realizing that no one has the balls to call for real economic sanctions. Just constant usage of "deeply concerned" would also be my bet.
This will push the VIX back inside the daily bollinger for the VIX Market Buy signal--- Rinse Wash Repeat, over and over.
The money will flow don't you worry none.
Silver Bilges.
Huh, ... perhaps the market knowsomething we dont. Inside information about sanctions?
Window dressing for the end of Q1.
Move along....
Russian mkt. up 8-1/2% ?
Nice job Obama.
Now everyone is gonna want US sanctions.
RT May 2013
http://rt.com/business/russia-officials-foreign-assets-998/
'The ban on Russian government officials possessing foreign assets has come into force after President Putin signed the laws. Officials can now be dismissed if they hold overseas accounts and other financial instruments.
Top state officials at different levels – from heads of country’s biggest corporations like Gazprom or Lukoil to the bosses of the country’s key state bodies like the Central Bank, can be punished if they, or their spouses or underage children, have any sort of financial asset abroad.'
What are they sanctioning again?