Panic as Russian stock market falls by almost 20% - eBay Suspended & PayPal Limited Forums
eBay Suspension & PayPal Limited Forums  
Join Today
Register Subscribe
     

Registration is fast, simple and absolutely free so please, join our community today!


Go Back   Home > WallStreetBets > Stock Market Traders > General Money Chat

General Money Chat Discuss other ways to make money online.

Reply
 
Thread Tools
  #1  
Old 10-08-2008
Junior Member
 
Join Date: Jan 2008
Posts: 245
Thanks: 0
Thanked 0 Times in 0 Posts
Activity: 0%
Longevity: 94%
iTrader: (0)
Default Panic as Russian stock market falls by almost 20%

RIA Novosti
Ocotber 7, 2008

The Russian stock market gave in to panic on Monday with the MICEX dropping 18.6% to 752 points and the RTS falling by 19.1% to 866.39 points - the worst losses since the 1998 crash.

Russia’s financial system has been affected by a global credit crunch which started in the U.S. and quickly spread to Asia and Europe leading to record losses on Russia’s financial markets, rising interest rates and a liquidity shortage.

Sergei Sheikov, managing director for corporate clients at the Olma Company said: “Monday became one of the blackest days for most market participants - for the first time since 2005 the RTS index closed below the psychologically important benchmarks of 900 and 1,000 points.”

Losses for many blue chip stocks exceeded 20% with Norilsk Nickel shares worst hit as they plunged 30.2%. The losses forced the closure of the MICEX, Russia largest index, and RTS three times on Monday.

Fears regarding the spread of financial crisis caused all world markets to plunge, which contributed to Russia’s market losses. Britain’s FTSE 100 experienced its worst day since 1987 as stocks plunged 7.85% and France’s Cac 40 index fell 9.04%, and in the U.S. shares fell below the 10,000 point level for the first time in four years as they shed 4.65%.
Reply With Quote
The complete step-by-step guide to get back to selling today!

  #2  
Old 10-12-2008
Jonas's Avatar
Senior Member
 
Join Date: Apr 2007
Posts: 1,958
Thanks: 5
Thanked 19 Times in 17 Posts
Activity: 0%
Longevity: 98%
iTrader: (0)
Default

Stocks didn't really start tanking until after they passed the bailout.
Reply With Quote
  #3  
Old 10-13-2008
Junior Member
 
Join Date: Oct 2008
Posts: 23
Thanks: 0
Thanked 0 Times in 0 Posts
Activity: 0%
Longevity: 90%
iTrader: (0)
Default

"Fears regarding the spread of financial crisis caused all world markets to plunge, which have contributed to Russia's market losses"
"We don't give a damn anymore as to what happens in the West. The market is falling as people are in dire need for cash," said Maxim Gulevich, director of equities trading at UBS. I have always believed Asian markets are way too much influenced by it.
Reply With Quote
  #4  
Old 10-15-2008
Junior Member
 
Join Date: Oct 2008
Posts: 12
Thanks: 0
Thanked 0 Times in 0 Posts
Activity: 0%
Longevity: 90%
iTrader: (0)
Default

There is nothing to panic. Its the situation all around the world whole universe is suffering from financial crises. Soon the things would be under control. Be positive
Reply With Quote
  #5  
Old 10-16-2008
Junior Member
Threadstarter  
 
Join Date: Jan 2008
Posts: 245
Thanks: 0
Thanked 0 Times in 0 Posts
Activity: 0%
Longevity: 94%
iTrader: (0)
Default

Quote:
Originally Posted by Donna18 View Post
There is nothing to panic. Its the situation all around the world whole universe is suffering from financial crises. Soon the things would be under control. Be positive
lols i hope so.
Reply With Quote
  #6  
Old 10-16-2008
Junior Member
 
Join Date: Sep 2008
Posts: 91
Thanks: 1
Thanked 0 Times in 0 Posts
Activity: 0%
Longevity: 90%
iTrader: (0)
Default

The whole global economic system is going to collapse. We are going to be bartering with chickens and cows soon.. If vladimir plans on reuniting the soviet union, maybe it will boost your economy
Reply With Quote
  #7  
Old 10-17-2008
Junior Member
Threadstarter  
 
Join Date: Jan 2008
Posts: 245
Thanks: 0
Thanked 0 Times in 0 Posts
Activity: 0%
Longevity: 94%
iTrader: (0)
Default

i couldn't agree more
Reply With Quote
  #8  
Old 10-31-2008
Junior Member
 
Join Date: Oct 2008
Posts: 23
Thanks: 0
Thanked 0 Times in 0 Posts
Activity: 0%
Longevity: 90%
iTrader: (0)
Default

Quote:
Originally Posted by Caseyjr86 View Post
The whole global economic system is going to collapse. We are going to be bartering with chickens and cows soon.. If vladimir plans on reuniting the soviet union, maybe it will boost your economy

Hello Casey,

Yes the whole global economy had collapsed but it has recovering now. This was just because of the political conditions going on globally.
Reply With Quote
Reply



Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
ebay's stock value got new low abusing-eBay eBay Discussion! 36 01-01-2009 10:10 PM
Billionaire Mafia in Vegas - The Power of Russian Birth Right retard Everything Else 4 08-07-2008 04:22 PM
Ebay stock is falling.. All time low..lol Chris Hanson eBay Discussion! 45 07-29-2008 01:47 AM
Need to sell stock. Help needed! nothappyjan eBay Discussion! 2 01-21-2008 10:21 PM


Aspkin Group

All times are GMT -5. The time now is 10:21 AM.


Stop the guessing games and learn how you can quickly and easily get back on eBay today!
Read the best selling step-by-step eBay Suspension guide eBay Stealth!
Amazon Suspension? Read Amazon Ghost to get back on Amazon!
vBulletin® Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Ad Management by RedTyger
no new posts

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58