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Russian Stocks Soar 17% - Most Since 2008; Ruble Back Below 62/USD
After falling for 15 of the last 16 days, the RTS (Russian Stocks) are surging 17% today, extending gains post CBR 7 Measures, the most since October 2008.The Ruble is soaring also - back below 62/USD.
RTS biggest gain since Oct 2008...
Juiced by the CBR Measures...
Charts: bloomberg
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And... the DAX and CAC 40, which were deep in the red at the open on Wall Street, are now going vertical...
The above video "This is your rocket: Space Launch System, powered by Boeing" is appropriately named
as I am sure OUR TAX dollars paid for it, NOT boeing!!!!
I am still waiting for mine by the way. Maybe for Christmas?
reverse engeneering - CHECK
Why 17%
Think Venezuela and Argentina.
Why CBR hike rate to 17% also ? and ....
Why CBR releases 7 measures to stabilize its crrency
This looks almost out of control enough to cause jumping banker syndrome.
We live in hope.
It's to be expected. As a currency loses value, stocks in that currency rise in price. When it happens in the US it's the rich getting richer meme.
But the RTS is dollar-denominated, so the devaluation effect doesn't occur (the MICEX is rouble-denominated)
All fiat is dollar denominated therefore all markets are. Did the RTS go up 17% in dollar terms? No.
Because it's the 17th, tomorrow it drops 18%, and keeps going up and down until Christmas, when Jesus takes Putin from this earth and forgives him his sins. Blessed be Jesus.
Nice algo. I like it.
If you found out Putin was going to heaven, would you say "there goes the neighborhood" and refuse to enter?
YOU ARE ALL MAD.
you say that like it's a bad thing
"There was never a genius without a tincture of madness." --Aristotle
By the same token, there has never been a madman who didn't think he was a genius.
sell the rally
I thought the rate hike was an act of desperation and would never work.
The attack on the ruble failed. Washington got another lesson and another defeat.
ONLY 17%?
..........meanwhile the briiics are staking..........................bitchez
Pump and dump same as it ever was and will be...
When you gotta get rid of your' rubles, just about anything will do.
Everything is fixed just in time for Santa Yellen. How do I get me some of them there 17% Russian bawnds?
its time for an homage to Russia
https://www.youtube.com/watch?v=hWTFG3J1CP8
As the dollar pulls back in a multi-month correction, the Ruble will gain some strength.
http://www.globaldeflationnews.com/u-s-dollar-indexelliott-wave-update-f...
hmmmmmmmmmmmmmmmmmm.....
if entire market up 17% in a single day
it "may" be a sign of hot $$s ...
So the ruble is back up since nobody can short it?
Hey they are learning from the corrupt central banks of the west....just buy the market and the illusion of wealth is there.
Agreed. The ponzi in russia is ripening.
Boing!
Does this make any sense? Please weigh in, you guys know more than I.
A view by an alleged Russian businessman.
December 16, 2014 “ICH” – “Zems” – Only the lazy are not writing about this subject today. But everyone for some reason is looking in the wrong direction. Let me explain:
– Our country has a stock of dollars
– The currency of our country – roubles – is held by other countries
– We – Russia – are planning to sell oil for roubles in the future
– Everyone who buys oil from us in the future will have to look for these roubles to buy oil
– The harder it is to look for them, the more expensive they will be
Naturally, the task is simple – we need to drop the ruble to the maximum, and then buy all that we can, giving away the dollars that are no longer needed and not guaranteed by anything. This will help concentrate all of the roubles inside the country and to assign their price independently, while holding and then releasing more money to the market.
Meanwhile there will be a short-term increase in prices and a reduction in living standards, but it’s like an incision by a surgeon – a little painful at first, but then you will be healthy and strong for the rest of your life.
I am sincerely surprised by the hysteria and resentment against the government regarding the devaluation of the rouble. Is it so hard to look more than a month into the future? Everything is done correctly and wisely, so everything will be all right, guys =)
– Only the lazy are not writing about this subject today. But everyone for some reason is looking in the wrong direction.
Not Really Lazy. One can hardly be expected to be well informed when 99% of the news sources are whoreing for TBTF banks, Big Corporations & the US/UK War Machine.
– Our country has a stock of dollars
Certainly this is True and an important point.
– The currency of our country – roubles – is held by other countries
Certainly this is a very recent Fact and an important point.
– We – Russia – are planning to sell oil for roubles in the future
Already being done. China, India and about 50+ other nations are already secretly doing Ruble trades and work arounds (barter, then Ruble trade).
– Everyone who buys oil from us in the future will have to look for these roubles to buy oil
This is True and is one of the very most important points.
– The harder it is to look for them, the more expensive they will be
Not actually. Russia, China, India and about 50+ other nations are committed to the same system outlined in the Consitution by Morris who spoke for Franklin, Hamilton, et al. Not speculation, but VALUE backed currency will be the "Legal Tender" for the new BRICS+ system. Everyone's currency will eventually be Gold/Silver/Oil/Gas, etc. backed. Of course this implies that all uses, labor and investment, for currencies will be equally productive in value. Speculation will be limited to individuals who have no power in the financial and political system, ie, just average citizens who have a right to take even short positions on things they actually produce. Short positions taken on assets or production of others should be forbidded.
– Naturally, the task is simple – we need to drop the ruble to the maximum, and then buy all that we can, giving away the dollars that are no longer needed and not guaranteed by anything. This will help concentrate all of the roubles inside the country and to assign their price independently, while holding and then releasing more money to the market.
Actually Russia and China have already dumped the lion's share of their Treasuries by lending them out to nations for infrastructure improvements purchased from Russia or/and China. While China and Russia should have moved faster yesterday to purchase more cheap Rubles and add to the contagen potential of US Treasuries being used by the FED to push down the Ruble to protect the TBTF banks, their plan is not primarily a speculative one and US Treasuries will be recognized as poisen soon anyway. The Russian head of its Central Bank proved he is an idiot...applying the Volker/Carter method of currency protection-that set back a lot of Russian farmers and small business people. He must have gotten "helpful" information from the EU's central banker.
– Meanwhile there will be a short-term increase in prices and a reduction in living standards, but it’s like an incision by a surgeon – a little painful at first, but then you will be healthy and strong for the rest of your life.
Again, this (used by Volker/Carter and today's ECU) is not the smart approach. Correct financial moves by any government on Earth at any time in History have never been "painful". Your Central Banker once again proves that bankers may be the stupidist people on Earth, always first in line to promote Nazi economics.
– I am sincerely surprised by the hysteria and resentment against the government regarding the devaluation of the rouble. Is it so hard to look more than a month into the future? Everything is done correctly and wisely, so everything will be all right, guys =)
Yes, the long term view of at least a few months is in order. Ten generations is even better.
Dr.Lecter "Fly, fly, fly, little Starling"
https://www.youtube.com/watch?v=B1jF2gt3CPQ
I threw up in my Cheerios this morning:
AP News Hillary Clinton denounces torture, says black lives matter By Jill Colvin December 17, 2014Black lives matter but not brown lives. "We Came, We Saw, He Died" Hitlery Clinton.
Black lives matter but not brown lives. "We Came, We Saw, He Died" Hitlery Clinton.
+1000
eyr
The tragedy is that smelliest of cunts knows just how fucking stupid the "nates" and the whiter-than-white Democrats that voted for him the second time are that made that possible 6 years later!
It's either Hitlery or "you didn't build that" Pocahontas in 2016, who makes Obama look like a right winger. We're screwed, PM's won't even save you with these marxists, may as well start goosestepping now and get the rhythm going.
According to GW, Hillary is his sister in law. So either her or jeb will be the continuation of the NWO regardless.
Repubs won the 2014 election but lost their base after the omnibus bill. An establishment Repub winning is completetely out of the question for 2016, so it's down to which Democrat wins. I believe Hitlery will get taken out early are in the race, Obama's base is going for Pocahontas, not Hillary, they determine who wins on the left.
Fauxcohontas
You forgot to add the maniacal laugh.
Banks on wrong side of Ruble drop, cancel futures to save money. Restart futures with JPM, Citi and Goldman at front of line. Profit.
Just because you are trying to crush Russia doesn't mean you can't pick pockets of some muppets along the way.
MICEX is flat for the day. As usual ZH loves to exaggerate the numbers. How can you sheep take this guy seriously?
.
Obama has gone bonkers lately .
So if I read the charts right, Russia stabilized their currency and fended off this particular attack?
Sounds like it, but this is only over 48 hours. Too soon to say, could be just a fluke or somebody in the State Department was making some quick money on the side.
The bottom chart should be USD/RUB not RUB/USD.
Well the currency is up since George, neo-con and some random "patriot" can't short it at 50X leverage...
Oscillating between 60/1 and 61/1 right now.
RUssian retailers muppeted some folks. Those who bought the hell out of washing machines and furniture as prices were rising by the hour. Wonder if they drop prices now?
Even if the Ruble stabilizes to whatever, the damage is done. Russian faith in their money and gov is permently been poked in the eye. They will act accordingly and their habits will build around that.
Or,----- they might just be educated to the power of fiat/shit money and how it can be as dangerous as guns and bombs. They might also know that they have just been attacked and injured by the US slave owners. They might just decide to be angry at the right people(cretins). Am I optimistic today, Or What?
Insane! Mohammed Islam must have been trading this market.
could this have something to do with russia asking for rubles to pay for gas in the middle of winter ineurope? and where are they going to get rubles? lol!
i can't understand the strategists in the usa. they constantly reveal they are playing checkers to russia's chess and china's go. the usa keeps yelling "king me!" and gets blank stares in return.
Hope that is true.
Relax Big O - the RSX ETF is up less than 3.5% - WE are still in control....
Nooooooo booooom yet.. Sort of... Does sound like thunderstorms are... Already here...
Day 1: 72 rubles per dollar. $100 would be 7200 rubles
Day 2: 62 rubles per dollar... 7200 / 62 == $116.13
Multiply by a few million / billion... in 24 hours.
Not a bad little scam... for whoever is running it.
So, the Goldman head-fake strikes again?
I am really tempted to go long RUSL right here at $2.95 just because I am rooting for the good guys and want to see them prevail and weather this. Hmmmm....... If Russia does weather this, then that 3x etf would actually make ya lots of money on top of supporting the good guys!!!!!
GO PUTIN!!!!
Ruble parking - nothing more.