Russian Bear Celebrates Bull Market

In case you were wondering why US equities are charging higer yet again today on mediocre news (while bonds shrug), we offer another potential reason... Russian stocks are now in bull market territory off the mid-March "sanctions" lows... not exactly the "costs" that the US had in mind and thus even more curcial that S equities are lifted (by any nunber of visible and invisible hands) to show just how powerful the status quo of the West still is (the S&P is up 5% in the same period). Perhaps even more importantly, this refutes any thesis that bonds are higher only due to Russian capital outflow (i.e. flight to safety).

Russian stocks are surging post-sanctions...

Dramatically outperforming the US...

Charts: Bloomberg

Comments

[aardwolf]

CALLING ALL ZEROHEDGE READERS:

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SWITZERLAND WILL HAVE A REFERENDUM THIS YEAR TO DO JUST THIS!! THEY WILL START ISSUING SWISS FRANCS DEBT FREE LIKE YOUR OLD GREENBACK!!! THEY WILL REMOVE THE PRIVATE BANKS POWER TO CREATE ELECTRONIC DEPOSITS AS DEBT AND RESTORE IT TO THE SWISS NATIONAL BANK, WHICH WILL DO IT DEBT FREE!!

PLEASE DONATE HERE THIS SUMMER: http://www.vollgeld-initiative.ch/english/ THEY NEARLY HAVE ALL THE FUNDING FOR THE 100,000 SIGNATURES REQUIRED.

DO YOU REALLY WANT THE MADNESS TO END? PUT YOUR MONEY WHERE YOUR MOUTH IS! I HAVE DONATED 10 CHF MYSELF BUT YOU GUYS ARE RICH. PLEASE HELP THE WORLD TODAY! IF THE SWISS SUCCEED WE'LL BE ONE STEP CLOSER TO ENDING THE FED. ACT NOW!!

[NoDebt]

Don't do that.

Last time I checked, signatures didn't require funding.  They only required signatures.

[Pladizow]

Russian Bear Celebrates = http://i.imgur.com/T6LHC.gif

[NoDebt]

Dramatically out-performing almost everything, I'd say.  

[Dr. Engali]

It's a beautiful day out and thanks to the BernankenYellen I've had one hell of a first half. Have a nice day, I'm going golfing.

[NoDebt]

Fairways and greens, Doc.  Hit 'em straight as a grizzly's dick.

[disabledvet]

Straight into the grizzly's dick maybe.  The ruble has gotten killed, Russia is in recession and they now have a nasty inflation problem.

Sound familiar?

[Hongcha]

Took SBRCY profits today, keeping OGZPY.  

[NOZZLE]

I recall every Probama asshole, including Carney, Barfaroma, LiesMan on Tv yaking about how the sanctions were going to ruin the Russian economy and how its already effected the Russian stockmarket and Putin was going to be forced to concede with Russians feeling the pain.

Its as much bullshit as the fucking cunts now telling us the five Koranimals cut loose by Obanga, Mohammad Fazl,Mohammad Nabi,  Mullah Norullah Noriabdul Haq Wasiq and Khairullah Khairkhwa all of whom are stone cold killers from Gutter none of whom are Afghanis but all of whom ruled that nation and carried out brutal actions on the populace because they were not muslim enough for them and all of whom were part of the crew that carried out the attacks on 9-11 are just bit players, not that dangerous, not really bad guys.

[dreadnaught]

Porky and Obama    a fine pair of idiots

[firstdivision]

Short-term sure https://www.google.com/finance?chdnp=0&chdd=1&chds=1&chdv=1&chvs=Logarithmic&chdeh=0&chfdeh=0&chdet=1402084800000&chddm=24428&chls=IntervalBasedLine&cmpto=NYSEARCA:SPY&cmptdms=0&q=NYSEARCA:ERUS&ntsp=1&ei=8u6RU_jCMLHS6gHrqYHgAw

But pull it back more and well...not so much https://www.google.com/finance?chdnp=0&chdd=1&chds=1&chdv=1&chvs=Logarithmic&chdeh=0&chfdeh=0&chdet=1402084800000&chddm=98532&chls=IntervalBasedLine&cmpto=NYSEARCA:SPY&cmptdms=0&q=NYSEARCA:ERUS&ntsp=1&ei=8u6RU_jCMLHS6gHrqYHgAw

and short, short-term you get meh https://www.google.com/finance?chdnp=0&chdd=1&chds=1&chdv=1&chvs=Logarithmic&chdeh=0&chfdeh=0&chdet=1402084800000&chddm=1146&chls=IntervalBasedLine&cmpto=NYSEARCA:SPY&cmptdms=0&q=NYSEARCA:ERUS&ntsp=1&ei=8u6RU_jCMLHS6gHrqYHgAw

[Chuck Knoblauch]

ALL IN!