is perpetually aroused
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Well, RUSS reacts to a few things:
-brent oil price
-ruble/usd exchange rate
-ratings changes
-sanctions
-the EU
saudi arabia recent made a comment about how oil has bottomed and we will see $200/bbl oil, but i think they're just fking with traders. oil is currently up in the asian market, so RUSS may be down in the AM.
the exchange rate follows brent oil
now that the s&p has downgraded russian bonds, moody's and fitch won't be far behind
additional sanctions may be placed on russia with the recent aggressions in ukraine
the EU is strengthening due to the QE, so that makes russia relatively weaker.
Well I really hope it keeps dropping as more investment money leaves the country, however some are saying that this rating cut has already been mostly priced in.
S&P Downgrades Russian Bonds to Junk
Further downgrades possible.
http://www.standardandpoors.com/en_US/web/guest/ratings/ratings-actions
Common stocks are beginning to diverge from the trading pattern of the financial sector.
Looks like the banks couldn't manipulate the market as well as they hoped.
S&P expected to downgrade russia's credit rating to 'junk' later this month. http://yhoo.it/1ylJ6Qt
I wouldn't take the current price action at face value. If you compare AAL's chart for the past week to a big bank, like GS, the trading is almost in sync.
Big banks are taking the market down with them.
The drop in oil and copper would suggest, if not cause, it.
I bought FAZ some days ago and it looks good so far.
I'm worried about it hampering AAL's earnings report later this month
He hasn't served in a public company, but his record shows that he runs his own private practice very well.
http://www.andrewssportsmedicine.com/getpage.php?name=andrews
Poor financial sector earnings (you know, the sector that brought on the 2008 recession) are dragging the market down today.
My only positions that are green are my short ones lol.
Downgrade to $39 by JPM
Visa: #2 Most Shorted Dow Component
http://www.forbes.com/sites/dividendchannel/2015/01/13/the-new-2-most-shorted-dow-component-visa/
he would rather everyone live in government housing.
MICEX and RTS both closed green and Brent oil closed even, yet $RUSS is still green. Very bearish signal for russian markets. Very bullish for $RUSS :)
October 14th: