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Global Investors Rush To BTFRD
If you have been watching (or reading) mainstream financial media, you would be entirely unaware of the fact that global investors have surged to Buy-The-F##king-Russian-Dip. Withe the plunge in US equities last week predicated on Russian instability, it appears the critical need to maintain the Santa Claus rally has pushed Russian stocks up a stunning 41% in the last 6 days (as the Ruble strengthened over 30%)...
It is of particular note that Russia just had a 0.9% weekly inflation; so, perhaps the Russian market is merely starting to notice what is materializing in the economy unlike in the US, where stocks are discounting runaway inflation that has been deferred for 6 years now.
Of course, The Ruble is still down over 8% on the month (against the USD) and stocks are down 16% in December - so it's not all over yet.
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It's not just Russia, The Middle East collapse has stabilized...
Charts: Bloomberg
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Somebody is very, very happy this Xmas.
40%? Fuck, where was I .....back to bed
I bought 1000 shares of RSX at 13.05. Sold half my position, waiting for 19.
The insane swings are reliable indication of the wholly-manipulated nature of these "markets"; as the squeeze gets tighter, the swings get bigger.
Enjoy the show.
Funny how that rally started the day after major currency trading platforms stopped trading in USD/RUB.
+1
I made a remark about how over sold the Micex was 2 weeks ago. Hmmm, lets pull the scales of justice out.
Greek Bonds <or> Russian stock market. Even before the shitshow the Micex P/E was 4:1. { that's not a typo}
S&P currently 20.19
I hope you have a great Christmas NoDebt.
So if something is expensive its not worth it but if something costs a buck its clearly the best thing ever.
The Russian economy is commodity based. Commodities are at 2008 lows, and the $usd is at 2007 highs.
Even if oil slips to 20-30$ bbl the $usd at these levels will destroy the emerging economies, and $usd exports.
Ask yourself why there was the 7-9 month lag in the $usd weakening vs commodities back in late 2007?
Any retard knows commodites are finite, and that food, shelter, clothing, are basic essentials. This drop in demand just exposes the massive over capacity in place currently.
The cost of living has outstripped demand because of devaluation, and misappropriation.
People CAN'T afford to reproduce productively. Without demand {Japan} fractional reserve lending siezes<>up.
No amount of printing will save the system, if the system isn't being replenished with fresh human cattle.
Santa Klauskaya
It's actually "Ded Moroz" , Father Frost, but I like your pun..
Tumbling dice....
https://www.youtube.com/watch?feature=player_detailpage&v=J1EWf6O77jE
Fantastic wealth from nothing....
...When you accept currencies that can be arbirarily created like this, the joke is on you.
Of course the western sheeple know now for sure that ruble has crashed. It's over. Finished. Like Bitcoin.
If you don't believe me, ask anybody around you now.
WOW that sanction thingy is working really well
I just watched Charlie Gasbagarino (Gasparino) on the news talking about how low oil prices, low wages, and low inflation are good reasons to be long the equity markets.
All these MSM clowns think in two dimensions. Maybe Charlie should ask himself why oil and wages are so low? {lack of demand} Charlie seems to think these conditions are good for corporate profits.
Charlie also stated that inflation is low. Apparently Charlie doesn't have health insurance, or have to eat. I probably shouldn't conflate devaluation with inflation though. Basic commodities like food don't fall for the same manipulations that gold and silver do. Everyone has to eat... I sure don't see food prices dropping with the price of energy costs and the stronger $usd.
I saw him too.
I think he's short, he's not a very good liar.
You're probably right Winston... Anyone that's trying push the sheep into index traded funds when ES and DoW are trading these multiples has to be related to Dr. Evil.
they need to push sheep from the edge to save themself
A few more part-time burger flipper/barrista jobs and things will be just awesome....
That's my best Xmas present from Obama & Saudi. Thank you.
Obama: "My plan to isolate Russia and destroy their economy is working beyond my wildest expectations."
Kerry: "Er, Barry...not so much. I think they may plan on holding Europe hostage by cutting gas supplies."
Obama: "They can't do that. It's not fair."
unfortunately, this really is how they think
No market collapse but market stabileetee Bitchez!
We have whipsawed some folks.
My buddy questioned me with incredulity when I asked him where to buy Roubles on Dec 17... unfortunately, for retail it costs an arm n a leg.