Market Report: THE RUSSIAN STOCK MARKET CRASHES
Market Mondays
EYL Network
5.0 • 4.1K Ratings
🗓️ 12 March 2022
⏱️ 10 minutes
🧾️ Download transcript
Summary
In this Market Report we talked about the Russia stock market crashing as a result of economic pressure from the west. #russia #russiastockmarket #putin
Link to full episode: https://youtu.be/-UwMHaSvb_0
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Transcript
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| 0:00.0 | to understand what all the sanctions in size correctly, |
| 0:03.1 | as we're driving around and seeing a lot of people |
| 0:06.9 | approach testing against what's happening in Ukraine. |
| 0:10.2 | We got an interesting question |
| 0:11.3 | and Mike and myself were having this. |
| 0:13.4 | Somebody was asking, is this a good time |
| 0:15.0 | to be shorting Russian stocks? |
| 0:18.1 | Or are we trading the rubble or are we shorting it? |
| 0:20.7 | Because obviously when you see an entire stock market, |
| 0:25.4 | drop 45% in a day, which is like, wow, |
| 0:28.1 | I mean, we can't even fathom that, |
| 0:29.8 | but is this a good time if we try to make trades? |
| 0:33.8 | The Russian stock market is closed right now. |
| 0:36.5 | Oh, like they close. |
| 0:38.4 | Wow. |
| 0:39.4 | Yeah. |
| 0:40.4 | Yeah, the all time low was $10,034 since for RSX. |
| 0:44.8 | It's at 1078 and halted. |
| 0:47.3 | What can you explain to them about RSX? |
| 0:49.1 | RSX is like their equivalent of their index. |
| 0:52.3 | So how do you have VOO for the S&P 500? |
| 0:55.4 | RSX is their index equivalent. |
... |
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