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Russian Stocks, Ruble Respond To Obama's Sanctions By Extending Gains

Tyler Durden's picture




 

Despite no move in gold, silver, or US Treasuries, US equities (and JPY crosses) remain bid. But perhaps the most intriguing reaction to Obama's escalation is the surge higher in Russian stocks and rally in the Ruble... Putin and his oligarch friends must be pleased...

 

Charts: Bloomberg

 

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Mon, 03/17/2014 - 10:26 | 4558325 LawsofPhysics
LawsofPhysics's picture

It's long been a "debt as money" system folks, and trillion upon trillion of debt is held in different fiat around the world.

Will this matter if the majority of debt and assets are not in dollars or in countries that already trade outside of the dollar?

Go ahead piss of the BRIICs (that is a lot of natural resources that won't be availanble to your "markets")

Just imagine if the "evaporation" of all debt held in dollars could inadvertantly be blamed on Putin...

how convenient would that be...

tick tock motherfuckers...

Mon, 03/17/2014 - 10:52 | 4558502 lordylord
lordylord's picture

In other news, gold is down $10 from today's high.  Nothing says sell gold like the possibility of a financial war with Russia and WWIII.

Mon, 03/17/2014 - 10:58 | 4558539 SilverIsKing
SilverIsKing's picture

If I were Putin, I would place a one time tax/assessment on the oil and gas sold to the EU by an amount equal to the amounts that have been frozen.

Mon, 03/17/2014 - 11:12 | 4558610 gold-is-not-dead
gold-is-not-dead's picture

Too much vodka for russian cb governor.

Mon, 03/17/2014 - 13:14 | 4559319 Jurassic
Jurassic's picture

In Putin's Russia, bear markets ride bulls.

Mon, 03/17/2014 - 10:26 | 4558337 hugovanderbubble
hugovanderbubble's picture

Oh man, Another Venezuela Stock Index xd:)

Mon, 03/17/2014 - 11:26 | 4558683 NoDebt
NoDebt's picture

Nah, nah, nah.  This is a rise in their stock market while their currency is going UP (appreciating, not depreciating).  I know the line is going down, but it's UP for the Ruble relative to the dollar.  I.e. it takes fewer Rubles to buy one US doallar.

Mon, 03/17/2014 - 10:26 | 4558340 SWCroaker
SWCroaker's picture

This is apparently really good for the markets.   Everybody's markets.    Can we arrange to have a country defect to Russia on a monthly basis going forward?   Economic problems solved!

Mon, 03/17/2014 - 10:38 | 4558421 Spastica Rex
Spastica Rex's picture

Creative Distraction

Mon, 03/17/2014 - 10:47 | 4558470 Kirk2NCC1701
Kirk2NCC1701's picture

And a plane-a-month going AWOL?

Mon, 03/17/2014 - 10:28 | 4558342 1stepcloser
1stepcloser's picture

Obummer to imposed ACA sanctions on every Amerikan...no wonder the stock markets are unstopable..

Mon, 03/17/2014 - 10:27 | 4558348 LeisureSmith
LeisureSmith's picture

The Russian kid says screw you guys, takes the ball and goes home.

Mon, 03/17/2014 - 10:28 | 4558354 PlusTic
PlusTic's picture

Russians, check.

Mon, 03/17/2014 - 10:31 | 4558383 NDXTrader
NDXTrader's picture

This is what happens when the markets are nothing but computerized carry traders. There is no thought here, only yen crosses. Any sentient being would say - hey, if the US is going to freeze assets every time they have a problem in a country...maybe I want fewer assets in the US. Rich Chinese and Middle Easterners might decide to take everything home before the next showdown. This computerized trading will lead to the mother of all meltdowns and prob an end to the stock market

Mon, 03/17/2014 - 10:33 | 4558389 Johnny Cocknballs
Johnny Cocknballs's picture

just wait until the EU gets their sanctions regime up and running...

those fuckin' idiots....

Mon, 03/17/2014 - 10:35 | 4558403 kashey
kashey's picture

Money stolen from Russia by Jewish oligarkhs are coming backto Russia, where they belong to.
Thank you, Obama, could you sanction all Russian capitals abroad? Sincerely yours....

Mon, 03/17/2014 - 10:43 | 4558448 youngman
youngman's picture

That is actually hitting the nail on the head...most of the monies the oligarkhs made..they took out of Russia and the Ukraine and never invested anything back...so neither country had very good growth...maybe this will start a new reinvestment trend in Russia and the Ukraine

Mon, 03/17/2014 - 11:03 | 4558563 LawsofPhysics
LawsofPhysics's picture

Indeed, either way, I see inflation potential for anyone who depends on rubles or dollars.

Mon, 03/17/2014 - 10:36 | 4558407 BeetleBailey
BeetleBailey's picture

Bad News: BULLISH

Good News: BULLISH

No News: BULLISH

Rising Unemployment: BULLISH

Global Governmental Mis-management: BULLISH

SOMETHING'S

 

GOTTA

 

FUCKIN

 

GIVE...

Mon, 03/17/2014 - 10:42 | 4558442 SoilMyselfRotten
SoilMyselfRotten's picture

Missed one:

 

Increasing safe haven demand: BULLISH

Mon, 03/17/2014 - 10:44 | 4558451 TheRideNeverEnds
TheRideNeverEnds's picture

Maybe the shorts as this market continues going up at a 45 degree angle? 

Mon, 03/17/2014 - 11:02 | 4558559 SheepDog-One
SheepDog-One's picture

You'd sure think somethins gotta give....but the farce is strong, these people will fight to the death for their phoney-baloney posions of uber control.

Mon, 03/17/2014 - 11:21 | 4558662 El Hosel
El Hosel's picture

... Don't forget - Earthquake: BULLISH, SANCTIONS: BULLISH, Green Beer: Bullish.

Go Bears

Mon, 03/17/2014 - 10:36 | 4558411 ...out of space
...out of space's picture

looks like Russian sell US bonds 

wonder what TIC will show

Mon, 03/17/2014 - 10:41 | 4558440 disabledvet
disabledvet's picture

Those look like REALLY pissed of Syrians to me.

Mon, 03/17/2014 - 11:00 | 4558547 SheepDog-One
SheepDog-One's picture

All markets are now double secret full retard, but have not yet quite gone full triple stamp no-takies retard.....never go full triple stamp no takies retard!

Mon, 03/17/2014 - 11:01 | 4558552 SteveNYC
SteveNYC's picture

Makes sense: Russian billionaires and companies pull money from abroad, transfer to Rubles, park in bonds/cash/stock market. No mystery there.

Anybody who thinks Putin did not anticipate "sanctions" before this whole thing got underway, well, there's a bridge in Brooklyn for sale......

Mon, 03/17/2014 - 12:04 | 4558921 Rising Sun
Rising Sun's picture

Hey Barry, it's Putin, you know, the guy you gave a handjob to at the last G8 meetings????

 

We have the staged Ukraine/Crimea bullshit ready to go - let me know when you are bought into the markets here and then I will push the button for the invasion.

 

This will be the easiest $50M in offshore money you will ever make.

 

Next time you are in Moscow Barry, the vodka and handjob is on me.

 

Love, Putin

Mon, 03/17/2014 - 12:33 | 4559077 insanelysane
insanelysane's picture

The latest way to keep people from selling Treasuries, sanction them.

Do NOT follow this link or you will be banned from the site!