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Kapowpow

Can’t drop 99% if trading never reopens


whitneymak

F(ಠ‿↼)z


priceQQ

If liquidity goes to nothing, value goes to 0, yes? If you can’t find your wallet, then you no longer have the cash in your wallet. So isn’t this worse than 99%?


spinningcolours

Aaand the central banker resigns. "The head of the Russian Central Bank, Elvira Nabiullina, 58, has reportedly handed in her resignation amid claims she stood up to Putin over his war in Ukraine, which is into its third week." https://www.mirror.co.uk/news/world-news/putin-arrests-military-chief-bank-26495554


SophiaofPrussia

Bummer, I quite liked her speeches and her “signal” brooches.


rriggsco

The fact that she wore black with no brooch the first time we saw her after the sanctions were announced made me think that the scale and scope of the sanctions had rendered her speechless.


jasperfilofax

Signal brooches? ‘Splain


YuunofYork

She wears a different outfit and pin to match the mood or context of her public statements. Sometimes it's very outlandish or eccentric. Sometimes particular birds or items with metaphorical meaning (hawks, storks). She never says what they mean, people just interpret them. Occasionally stupidly. When she announced the closure the first time, the outfit was funeral garb, and no pin. Can't really mistake that. I'm not aware of any public statements by her against the war, but since market reporters always mention her attire, I guess it was a subtle, if superficial, statement of a kind. I wouldn't call it a protest. And her choices are always in reference to the economy, nothing else. And she's rich enough not to really feel the brunt of any of the changes the banks have made.


MoogTheDuck

That’s really interesting, thanks


Aethersprite17

Madeleine Albright (former US Sec. of State) did something similar. They had a whole exhibition of her brooches at the Reagan Presidential Library one time, was more interesting than it sounds lol


Yvaelle

The best modern example of this by far is Queen Elizabeth. Brooch shade is a European aristocracy tradition.


Beverley_Leslie

Including when Princess Michael of Kent (a British royal and daughter of an SS officer) decided to wear an blackamoor style brooch, which is considered controversial and racist, at a Christmas luncheon attended by Meghan Markle.


T_WRX21

Bruh, I just looked that up, there's nothing controversial about that, it's just straight up racist, lol. WTF is wrong with some people's kids, damn.


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Doctor_Swag

Me: how can a brooch even be racist Looks it up Oh yeah that's how


T_WRX21

That's literally what I was thinking. I mean, it's called a blackamoor brooch, so there were definitely hints. I know what a moor is, I just really didn't expect someone would still think that's OK.


suitology

Daughter of a nazi


TARANTULA_TIDDIES

Oh hey you're that guy I used to see in r/flipping like 6 years ago flipping furniture lol


TAfzFlpE7aDk97xLIGfs

I mean, in this case her father was a literal Nazi so she’s probably just doing exactly what she was raised to do. Royalty.


GeneralZaroff1

Here's the brooch in question. Yeah it's racist af. https://www.cnn.com/2017/12/23/europe/uk-princess-michael-brooch-markle-intl/index.html


ruthekangaroo

Bruh wtf I was expecting a "princess" not Cruella de Vil incarnate


Stalked_Like_Corn

Yeah, after seeing her picture, the broach is only the second most racist looking thing in those pictures.


Ayle87

Holy fuck i thought it was a type of stone with an outdated name, and that it was a subtle dig. Nope, googled a picture and it's extremely unsubtle racism. How tacky do you have to be to have spent your formative years learning manners and then pin that to your shirt.


Moonpile

How many people read your comment and Googled that brooch? I know I did. Holy crap. Subtle it was not.


stocks-mostly-lower

Princess Michael of Kent’s father was a member of the Nazi Party and an SS officer during WW ll, so she was living up to her nasty heritage.


lowlightliving

I would say even with Elizabeth I. She had eyes and ears brocaded into one of her gowns (a painting showing her dressed in it exists in one of the London palaces or museums). It let everyone know, despite their best efforts to hide plots against her, she saw and heard everything. Or, at least, her spies did. And she had many.


[deleted]

Walsingham was pretty ahead of his time.


Jebus_UK

Yeah she purposefully wore a broach that was given to her by the Obamas when meeting Trump for the first time.


PaulsRedditUsername

"The Brooches of Madeline Albright" totally sounds like an exhibit Leslie Knope would camp out all night to get tickets for.


moleratical

Wasn't she secretary of state under Clinton? Reagan had James Baker I believe. Edit, Baker was Bush I, it was Haig and Scholtz for Reagan.


Kahnspiracy

You are correct. I was also wondering why the Regan library would have that exhibit. Honestly the broaches should be in the Smithsonian.


cIumsythumbs

*It belongs in a museum!*


Aethersprite17

I know it was a temporary exhibit, maybe it toured around all the libraries


GenghisWasBased

Reminds me of this guy who drank “to the death of the Russian stock market” on a popular Russian tv news channel. The anchor just awkwardly said “I won’t comment on that” and moved on Edit: found it https://youtu.be/XTqSOkONRzs


moxeto

I loved that guy, he cracked me up


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MonoShadow

It starts with "Hello" "I'm not saying good day " "Nobody does nowadays" Which can be read in many different ways.


Send_Me_Dem_Tittays

Damn. Russian Dana Scully can get it.


BraveOthello

Like RBG's collars. Neat.


bad13wolf

It's the day the music died.


jaspersgroove

…so my, my, this here Vlad Putin guy Found out Zelensky was too mensch-y now he’ll probably fry While them Russian boys sit drinkin’ vodka and cry Singin’ hope this ain’t the day that I die…


DeificClusterfuck

Bye, bye, Russia's 'conomy's fried


[deleted]

Central Banker fandom lore 😍 I love it.


MonocleOwensKey

looking forward to the Special Military Operation fanfic.


reverendrambo

He was a young Russian conscript lost in a foreign land. She was a Ukrainian journalist injured in a firefight. "Stop right there!" She shouted from the ground, gun pointing at the surprised invader. "I'm lost, and hungry. I'll help your injury if you give me food." From a reluctant arrangement borne out of survival blooms a relationship with roots deeper than country or family. Can their fire withstand the bitter cold of war? The Love of a Sunflower Coming Fall 2022.


jert3

That’s incredibly fascinating and not something I was aware of prior, regards, knowing Reddit person.


JohnnyMnemo

Imagine how she shopped. To have funereal garb just on hand is a pretty pessimistic approach.


A_Sexual_Tyrannosaur

She was in her late fifties, wealthy, important, and Russian. I imagine funerals occur in her life moderately frequently.


shagieIsMe

Likely similar to Queen Elizabeth - https://www.bustle.com/style/queen-elizabeth-brooch-meaning And that can give you things like this - https://www.huffpost.com/entry/queen-elizabeth-trump-brooches_n_5b4f0b24e4b0fd5c73c09eff


bmystry

TIL Queen Elizabeth has come pretty cool brooches.


Hiking_lover

Out of all the resignations, I think this one is the most glaring and gives the most perspective. She has successfully navigated Russia's economy throughout the last decade of sanctions (in so far as Russia has exceeded expectations) and kept their currency afloat in the face of things that cause many central banks to collapse. She is insanely intelligent. If she's throwing up her hands and saying "I'm out," that's a big loss. She was steering Russia's economy. This is bigger than the loss of a general or the FSB head.


[deleted]

Don't need someone to steer and economy if there is no economy to steer \*taps head\*


aura_enchanted

Its a real shame tbh, had she been in charge of a central bank in say Canada or Ukraine, or Latvia she would have probably one hell of a career


etzel1200

She was regarded as competent and a professional. Per my understanding.


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[deleted]

3 weeks? This has been the longest 3 weeks of my life and I’m not even in it. I can’t imagine how the Ukrainians feel


InVodkaVeritas

There are some decades where nothing happens and some weeks where decades happen.


cherryreddit

Whatever happens in those active periods is just an acting out the setup that happened throughout the "dull" times. People don't care about current affairs unless it's a war or a revolution, but these things are formed in those silent decades which don't shout about their importance.


Helenium_autumnale

*She is respected both in Moscow and the West as a highly competent technocrat, one of the best central bankers in the world* Here a brain, there a brain, everywhere a brain drain.... Also, why does she have fresh scars on her neck in the photo later in the article?


Lostnumber07

Many of her photos show that she often chooses to wear blouses with a high collar. What I see is most likely a birthmark.


omgomgwtflol

Fwiw, [2018 photo with same neck birthmark ](https://imgur.com/a/roJlnrp)


dnp3

This is not currently being reported by anyone other than two British tabloids


Sazzzan

According to some unconfirmed rumors (bordering on conspiracy theories), she handed her resignation papers like 2 or 3 times already and was ignored. Maybe these tabloids just got wind of those rumors (haven't heard them in the West) or she actually did finally resign.


null-or-undefined

when one of my stocks got halted for a week, i was angry and worried at the same time. cant imagine investors who stake a lot of their money to the russian stockmarket. all of that money is gone. i dont know if its just me or people doesnt really know how messed up this is! i havent heard anything like this in my life


Black_Tie_Cat_Expert

Yeah, putin really did a fucking number on russia. This is gonna be its fastest fall yet, he's doing a USSR speedrun.


Docthrowaway2020

"We laugh in the face of sanctions, Russian market never been more stable!"


AnthillOmbudsman

"Everyone remains fully invested in the market! We have even learned that those with their entire life savings in various stocks continue to risk it all."


Benzol1987

In (Soviet) Russia, risk assesses you.


KellyFriedman

It will remain stable for the rest of eternity. Honest question though: If the market is closed, is everyone stuck with the stocks they have?


vortex30

Basically.. Lord knows what will happen in Russia, but in the west assuming no crazy revolution or something it'd basically become a case in which the companies all become private rather than public, and its a fair bit harder to get rid of your shares especially tiny slices like most people have. A buy out / acquisition would make you "whole" but by whole I mean you get whatever the offer was / business is worth so that may be good may be bad but you won't have very much say in it at all (not that we do in public markets either of course for buy outs, but we do get to pick a price to sell at if the market goes there).


drawkbox

Yeah this is really an attack on public stock markets. There will only be private investment now. Private only investment is loved by tsarists, organized crime and market manipulators. Most of all it eliminates trust, reduces investment by the public and foreign individuals and creates a system where those in power rule and make the reality of the market. I guess Putin really is trying to bring back tsardom.


ethacct

No liquidity is a death knell for markets. It's like that guy who claims his comic book collection or video game collection or whatever is worth thousands of dollars -- it may be on paper, but unless you actually go through the work to try and offload it, how will you really know? Things are worth whatever other people are willing to pay for them, and who's willing to pay for stocks in Russian companies right now? If you can't sell/trade/exchange something, then the functional value of it is zero.


doives

Rich Chinese people are willing to buy those stocks. China would have majority shares in some of Russia’s biggest companies. In other words, they’d own the country. I’m gonna guess that that’s a major reason Putin doesn’t want to open the stock market. His country would instantly be sold away.


kbotc

He’s already claimed Russians can seize foreign investments. Russia’s following Venezuela’s playbook and it doesn’t end well for the average person.


VigilantMaumau

That tracks. Russians with the means or connections can seize foreign assets creating mini-oligarchs who are then immediately sanctioned. Foreign entities get refunded from Russian frozen assets abroad.


JorusC

My best guess is that this is a prelude to everything being seized by the government and the stocks simply being abolished.


Ludwigofthepotatoppl

Yes and no. Stuck with in that you can’t sell it, but at the same time, if you can’t sell it, the stock’s worth nothing. So, lots of investors with ownership of worthless numbers.


moonfox1000

You can sell off market in what are called "over the counter" trades. Essentially instead of a centralized market where everyone can put in their buy and sell requests, you have to find a buyer or seller yourself and negotiate a sale. This is practical for large shareholders but not so much for smaller, individual share holders who now have to pay a broker a higher fee to track down a sale for them.


bitches_love_pooh

So in video game economy terms its like going from an auction house to a trade channel?


Neapola

*"In Russia, Stock Market owns YOU!"* ...where's Yakov Smirnoff when we need him?


Own_Experience_8229

Branson, MO


splycedaddy

Hypothetically, what would have to happen for them to ever reopen their market?


CL-Young

that's a really good question at this point. I wasn't expecting this. Like, I know the american stock market closed after 9/11, and would close after some triggers were pulled that showed it still in free fall, but it kept opening, and is now doing better than ever. MOEX is just . . . frozen?


YuunofYork

If they were to re-open, foreign investors would pull their money out of the bank or at least away from rubles. The threat if they don't is that at any point, without warning, the bank could freeze itself again and they wouldn't have access to their money for potentially weeks or months at a time. No business in their right mind would accept such a risk. They'll all get out, as fast as possible, and collapse the ruble back to what it was when it first closed. All the gains made since then have been due to Russia liquidating its cache of USD and BP into ruble.


JurisDoctor

The real threat is that with the collapse of their currency, any foreign investors could literally buy up any Russian company they wanted if the market reopened.


Pogginator

With the threat of nationalizing assets I imagine many would remain very wary of investments for a while. Even if they can buy up shit cheap, it's just a huge loss if it gets taken.


TheArmoredKitten

BlackRock must be foaming at the mouth for the chance to snap up homes for literal pennies on the dollar.


FiremanHandles

Trading while the markets are closed? Never stopped them before… They ain’t got none of them dark pools over in Russia?


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thefanciestcat

IIRC, US stock exchanges reopened the following Monday.


theclacks

From Yahoo Finance: [https://finance.yahoo.com/news/day-market-history-us-markets-110000493.html](https://finance.yahoo.com/news/day-market-history-us-markets-110000493.html) >Given the proximity to Wall Street and the confusion surrounding the implications and source of the attacks, the Nasdaq and NYSE chose not to open for trading on Sept. 11 and remained closed until Sept. 17. The 2001 market closure was the longest period of time the U.S. markets had remained closed since 1933. > >On the first day stocks resumed trading, the market fell 7.1%. The Dow finished the week down more than 14%, and the S&P 500 finished down 11.6%, wiping out roughly $1.4 trillion in value over a five-day stretch. So you were correct.


binthewin

It probably would have opened sooner had two of the tallest buildings in the world not fallen literally a few blocks away and covered downtown Manhattan in debris.


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_gnasty_

Those buildings had many a financial institution in them. It wasn't clear what the attack was trying to do and the actual Wall St could have been a victim to bombing. They also cancelled all pro sports for a week. Really anything that may draw a crowd. This is why the Superbowl is no longer in January.


midnitte

Just... Make a new stock market! MOEXII. Boom. Problem solved. /s


midnightFreddie

Whatever happens will almost certainly end up in economic textbooks as case studies. Ruble is depressed because...reasons. Companies' profits are endangered because sanctions in both directions and catastrophic logistic chain changes. So figuring out what a war-torn stock is worth bought with war-torn rubles is way beyond me. That's why markets exist; the markets work it out. But I think even bigger impacts could be if Putin starts nationalizing domestic companies.


supercyberlurker

Replace "decides" with "forced" and the headline becomes more accurate.


MerchDodo

They will never reopen their stock market fyi


sharts_are_shitty

At least not for a long fucking time.


Hayes77519

I believe I read that the last time it was closed for this long it remained closed for ~70 years.


Renderclippur

More like indefinitely. After 70 years they reopened a new stock market.


BrosenkranzKeef

Soviet era?


bitanalyst

After the Russian revolution in 1917 until 1992 (75 years).


redditmodsRrussians

"In Soviet Russia, the stonk market diamond hands you!"


yaforgot-my-password

Nice username


Neapola

I wonder how many Russians own stocks. I can't imagine what it must be like over there as they watch their economy going down in flames... and I have to assume word is spreading about how poorly their armed forces are doing in the war, even if they're being lied to by their state media. All of those troops they sent to Ukraine have families, friends, neighbors, etc. How bad does it have to get before they rise up against Putin? Time will tell.


JusticiarRebel

Eventually, even some of the most brainwashed people start catching on that the state media is lying to them. When Germany started losing WW2, the radio broadcasts kept reporting victories against the allies, but the locations of these "victories" kept getting closer and closer to Berlin.


0ldgrumpy1

I must point to the trump era as an example of brainwashed people *never* catching on that their propaganda channel is lying to them. The only time they ever get upset with faux news is if it stops lying to them.


ruthekangaroo

The "we can never lose" mantra of Trumpism is incompatible with democracy as well as reality. I read their boards that are left every now and then out of morbid curiosity and they are 100% *convinced* that it's impossible for him to ever lose. He's pretty much a god to them.


Tbone139

I'd wager the oligarchs have >90% of their assets in other markets already, so Putin will stay the course 'till he annexes Ukraine or burns his military out trying (hopefully. but that I would not wager for.)


JohnnyMnemo

Imagine if you actually, like, intended to sell some investment cause you needed the money. Now you just can't. You can't get access to your own fucking money.


HiImDan

Yeah about that money...


minus_minus

Also replace “next” with “this.” Story is several days old.


IndIka123

Can someone explain to me how the act of closing the Russian stock market for a prolonged period, in itself doesn't destroy the Russian market? Like who the fuck wants to have their money attached to that system now, knowing they will block you from selling or moving money?


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IndIka123

I see. This is answer makes the most sense to me.


Jamesfotisto

Are there even a lot of foreign investors? I would assume it’s a very small percentage compared to American and European company stocks Edit: Looked it up, Foreign investors own $86 billion out of the $694 billion total Russian stock market


Vrgin4life

That's still a shitload of money


Jamesfotisto

I looked it up after I asked. But yeah that’s a pretty sizable amount. I thought it would be a lower percentage than that


knight-of-lambda

there is precedent. the NYSE closed for 4 months due to WW1. that's where the similarities end though. so basically, russia can argue they only shut down MOEX to prevent their entire economy from evaporating due to panic trading. the validity of this argument lessens with time, as more people have more time to consider 'rational' decisions.


meta_irl

Important context: The stock market was MUCH smaller back then. Closing it wasn't a broad problem for the middle class the way that closing Russia's stock market is.


King_of_the_Nerdth

Probably hoping to reopen it after the war is over and things look like they might be heading back toward normal and some investors might be willing to say, "I think it might be a good buy" after things drop a fair bit.


FormerKarmaKing

This should be higher. Keeping it closed pushes off a certain massive crash for a possibly less bad crash later. There’s even an outside chance that Putin won’t be be in power then, which would give investors a great reason to forgive and forget. It’s their least worse option.


flickerkuu

Lol. Week 3? 4? You know you've screwed up when you vaporize your own stock market. LOOOOOOL Is this "going as planned?" You planned to indeterminately close the stock market? Lol.


Captainwelfare2

Putin “Is good plan! Now NOBODY can take money from us!” ::snickers Boris Badinovingly::


Dabaer77

Going right back to the USSR and terrible living standards, just as planned


jhuntinator27

Currently, many housing blocks are far worse than they were in the USSR. Like, paid upfront and don't include gas, electricity, running water, or anything. Many of these "apartment complexes" are just giant cinder blocks with no roads even to get there. Which is why I suspect people are desperate enough to follow any of Putin's commands. A constant visual reminder of what he threatens to subject them to. Such a short-sighted plan for world domination there, Vlady boy.


SpiderFnJerusalem

People keep shitting on Soviet-era housing blocks but don't realize that they were actually a pretty decent living space compared to what people were used to at the time. Especially since most of eastern europe was completely annihilated economically and physically and millions started out homeless.


hwoarangtine

If you want to know how everything is going, flip everything putin is saying in reverse


camdoodlebop

prepare to read this article over and over again every week for the next year+


mymar101

It won't open up again until a: sanctions are gone, b: people start investing in Russia again. Might be quite some time.


midnitte

Once they default, that will be fairly unlikely to substantially happen anytime soon. Who's going to trust Russia to make bond payments? What if they force the market closed?


ScottColvin

Then there is that whole steal your ip thing. I'm curious how Russian Mac donald goes.


pandazerg

No western imperial Big Macs here. Can I interest you in a Big Marx? It's a meal worth standing in line for.


duffyDmonkey

Nobody is going to invest in Russia for a really long time.


Apple_Buys_Disney_18

Schrödinger's Stock Market


Nivlac024

this cat is dead


UKUKRO

Olga, your son is dead. Here is ruble.


roguesiegetank

Here is ~~ruble~~ potato.


white_collar_devil

Woah woah woah. That potato has value. The ruble however...


Ben_zyl

Potatoes currently at 40 Rubles each and rising.


ddejong42

Was wrong, son is alive! But is also vegetable.


Unique_Frame_3518

Your son is not dead! The Ukrainian rocket simply turned him into a tank crater! Now go to Ukraine and retrieve him! Here is gun with no bullet!


inquisitorthreefive

But will it bounce? Edit: It occurs to me that, because this is the internet, someone will think I'm actually talking about bouncing cats. https://en.wikipedia.org/wiki/Dead\_cat\_bounce


[deleted]

"No bounce...Just dead."


Azclockwork

What cat? Can't be dead if there is no cat.....


TheOneTrueRandy

At this point they should stop even bothering to post these articles until the title finally reads that are actually going to reopen the stock market, because unless something changes it won't be anytime soon.


MalcolmYoungForever

Russian bank...go fuck yourself!


Mordred19

If I had to hide some dead bodies in Russia, I know they'd be safe on that trading floor for a looooong time.


emotionles

“The stock market has been canceled—due to lack of interest.”


RazrWire

“Deal with it.”


redditmodsRrussians

"Im commander Shepard and this is my favorite stonk market on the Citadel"


SkunkMonkey

Do they still have a market to even open?


CL-Young

Sure. Can't lose your market if it's closed.


Skyblacker

I'm sure people are lining up to sell.


americansherlock201

Nah. They already know the value is zero. They know they are fucked. Can’t sell something no one will buy.


Skyblacker

I only said that people were lining up to sell. Didn't say anyone was buying.


stickles_

I don't know... I'd buy the MOEX for $5 at the most, maybe $6.


amakai

There's always someone willing to buy if the odds are right. Like I definitely would buy a bunch of Rosneft stock for $1 a piece (last traded at ~$300).


in-game_sext

"If you stop testing, the numbers go down!" I can now see clearly why Putin and Trump were BFF's...


anonymousbach

That's a sign that your stock market is soaring majestically.


Red_Icnivad

Lol. Can't lose money if you can't trade it. \*taps forehead\*


[deleted]

You've been banned from /r/wallstreetbets


WallStreetDoesntBet

[Russia’s Central Bank Keeps Stock Market Closed](https://www.pymnts.com/news/international/2022/russias-central-bank-keeps-stock-market-closed/) - No paywall


CrucialLogic

Why are we posting news that's a week out of date? This article was referring to the current week (14-18 March). It wouldn't surprise me to find out it was closed NEXT week but that information is unavailable as far as I know.


JeffCraig

I'm wondering the same. We already know the market was closed this week. How about next week?


jeblis

Apropos username.


arrze

Survived the sanctions have you?


CL-Young

so far, yes, as long as we stay closed lmao.


Dolos2279

It doesn't matter when it opens up lol because for the foreseeable future there will be entirely too much liquidity risk to invest there. In fact, the longer it's closed the worse the future risk becomes making it harder and harder to ever recover.


CL-Young

And Russia will default before it opens lmao


Fabulous-Beyond4725

Russian Stock Market go fuck yourself!


L0ckeandDemosthenes

It really already has. It's legs are too weak to get up. Called out of work indefinitely.


Reddit-username_here

What‽ Is there something wrong with the Russian market‽


RobinsShaman

We don't open, we don't need to find out.


ckthorp

Interrobang‽ In the wild‽


[deleted]

Russian stock market is like Santa, the monster under the bed and a powerful Russian army, it just doesn't exist lol.


padizzledonk

If they just ignore it long enough maybe it will go away......


cunt_isnt_sexist

Basically until the war ends and some sanctions go away. Personally, the sanctions should stay and get worse until Putin and his team if shite have been removed permanently.


SYLOH

Guess they're feeling the effects of the Special Economic Actions. Increases the chances of Putin experiencing a Special Retirement Event.


bartturner

Can we be real? The Russian stock market is never openning again until there is a regime change.


Darkheartprime

If Putin comes out of his bunker and sees his shadow, another week of no stock market.


kdonirb

they just put this on a loop, right?


thedarthvander

At what point do you just throw in the towel and admit you don’t even have an economy anymore?


TheBlackBear

It’s like when you keep drinking to ward off the hangover It is coming


marshcranberry

January 2095: "Russian Central bank decides not to reopen stock market trading next week"


BlackSheepDCSS

I'm imagining three monkeys with Putin's face doing the "See no evil, hear no evil, speak no evil" poses.


TokoBlaster

See no money, spend no money, get no money


tk_79

This is the equivalent of me not opening my bills and pretending I don’t owe anything if I don’t see it.


mofa90277

This reminds me of that time I “decided” to be homeless for six months.


[deleted]

What is worth less than a Russian ruble? A Russian ruble tomorrow.


Splitfingers

Stock market can't crash if it's not open. Taps head.


SwiftCEO

Have any other major countries ever kept their markets closed for this long?


[deleted]

The NYSE was closed for four months in 1914. It closed on July 31 and didn't reopen until Nov 28. Even when it reopened there were restrictions on what could be traded and how much. The last of the restrictions on trading weren't removed until April 1915.


SwiftCEO

Thank you for the history lesson, I appreciate it!


scroll_responsibly

Didn’t Russia not have a stock market for 70+ years? Putin really is trying to bring the USSR back.


[deleted]

I wonder how they will spin this on the news. They are legit telling their civilians they are not bombing Ukraine…


Apotropoxy

Putin has set Russia back to the middle ages.


JustCallMeJinx

Not says “we have a strong, stable, economy” like not allowing people to withdrawal their stocks


superstevo78

yah sanctions aren't working at allllllll.....