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View Full Version : Russian stock market crashed.


coadie
09-17-2008, 09:04 AM
down 60% in 90 days. The media didn't tell us again.
No wonder the bear is aggitated and causing havoc.

coadie
09-18-2008, 11:08 AM
down 60% in 90 days. The media didn't tell us again.
No wonder the bear is aggitated and causing havoc.




The move came after shares began to tumble again on Wednesday as investors faced a new wave of forced equity sales on margin calls and a dearth of cash.
Government and central bank officials were locked in talks with the chief executives of Russia’s biggest investment banks throughout most of the day on ways to halt the market collapse, which has wiped nearly $800bn (£440bn) off the country’s stock exchanges in a matter of months and sent stocks spinning down to levels last seen in 2005.
Some russian oil barons will be eating Big Macskies instead of caviar.