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Russian Relief Rally As US Sanctions List "Better Than Expected"
While Jay Carney and the White House continue to press their "sell" recommendation on Russian assets, it appears the market is buying the news (after selling the rumor). Russian stocks are ripping higher on "better than expected" sanctions and the Ruble is strengthening notably... So given that the market is signaling these sanctions are clearly weaker than expected, we should certainly not expect any Russia de-escalation soon.
Russian Stocks soaring...
Ruble strengthening notably against the USD...
And this is what Jack Lew had to say...
Statement Of Treasury Secretary Jacob J. Lew, 4/28/2014
“Russia’s dangerous and inflammatory actions against Ukraine are illegal and illegitimate. Since Russia has refused to follow through on its Geneva commitments, today the United States is following through on its statements – we are imposing additional costs against Russia, including sanctions on individuals in the Russian leadership’s inner circle and 17 entities closely linked to previously sanctioned members of the inner circle. Today’s targeted actions, taken in close coordination with the EU, will increase the impact we have already begun to see on Russia’s own economy as a result of Russia's actions in Ukraine and from U.S. and international sanctions.Russian economic growth forecasts have dropped sharply, capital flight has accelerated and higher borrowing costs reflect declining confidence in the market outlook. Our goal continues to be for Russia to deescalate the situation so that additional sanctions are not needed. However, we are resolved to continue to work with our international partners and take the steps required, including action against individuals and entities in specific sectors, if Russia continues to press forward.”
Charts: Bloomberg
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mom jeans.
I cant believe people are investing in Sanctions or no sanctions....lol
Red or Black...
Red is Putin...
and... do I need to spell out who's the black guy?
Black is the new red.
there are no "investors"...we live in a casino economy, there are only speculators (human & machines) that bet on every word, punctuation mark or space delivered to the casino players...and the banksters make on every transaction...
Indeed. The market didn't rip higher on this "news" - it was pre-programmed to rip higher. The people that matter already knew the list of sanctions
SISSIES!!!
Pathetic. Absolutely pathetic.
DavidC
Stocks explode!!! What a joke. I must have missed the part where Russia and Ukraine removed all of their tanks, and planes, and helo's and troops from their borders and we sent our ships back home to port.
Looks like somebody is giving the bird to obozo.
...and the Russell 2K just went negative... LOL...
HA HA! Have at yePutin! Take THAT!
But you've got no arms left Oblahblah! What are you going to do....bleed all over me?
Are there any markets that trade based on company fundamentals and future earnings any more? Gosh, I miss the good ol days.
And if this doesn't work, the oligarchs aren't getting any dessert tonight.
Why dont they have a water balloon fight on National TV...Obama vs Putin...the first one to drown is the loser....they could get paid millions..the money used to pay off the debts.....just saying...
It's been a long damn time since the thought of buying stocks has entered my mind. I wouldn't mind throwing a few bucks at Russian stocks just to say FUCK YOU...but I'd probably get choked or arrested.
Tennessee sheriff's deputy is FIRED after he was caught on camera choking an unresisting college student until he passed out
Good mornin' America how are ya?
Send Corzine to a vodka summit with Putin...........
Corzine is a Glenmorangie kind of douch-bag (not the scotch, just the man)
The market doesn't buy on sanctions. Institutions have to put orders through if their clients want stocks and algos etc chase this action.
Also if capital is fleeing Russia, China and emerging markets, where do you think it will invest??
I have a copy of the "Sanctions Communiqué" sent to Putin. It says:
"Please partner with China sooner to end the Petero$, and please raise the price of gas going to the EU.
Thanks. Sincerely, The bankster and Zion controlled oligarchs in the west."