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Market Mondays

Market Report: THE RUSSIAN STOCK MARKET CRASHES

Market Mondays

EYL Network

Business, Entrepreneurship, Investing

5.04.1K 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

Click on a timestamp to play from that location

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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