Russian Stock Market To Recover Soon

[Nottingham]

http://english.pravda.ru/main/18/88/351/11184_glazyev.html

Russian Stock Market To Recover Soon
10/30/2003 17:49
Politician Sergey Glazyev believes, the stock market will remain shocked for a short time

Sergey Glazyev, leader of the patriotic bloc Fatherland (Rodina), has recently commented on the economic situation in Russia and the changes connected with the arrest of Yukos's CEO, Mikhail Khodorkovsky.

Sergey Glazyev believes that the collapse of the Russian stock market is absolutely ungrounded and the situation will be stabilized in a week or two. Glazyev thinks that Russian stock prices dropped because of the structure of Russia's present securities market: "Our stock market is rather speculative in its nature, it is not the market of investment. This is the result of the privatization. It will remain the same until the property relations are finally fixed and until investors are trying to gain profits without investing anything in production - they simply boost the cost of stocks. As long as the market remains speculative, speculators will use any news, good>Latest News
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or bad, to derive profit and to destabilize the market with that," Sergey Glazyev said in a statement.

"They have been recently speculating on Mr. Khodorkovsky's trouble: the panic has made it become a political event, caused damage to Khodorkovsky and collapsed the market. Needless to mention that speculators have earned a lot on that. The reaction of the market to Mikhail Khodorkovsky's arrest in connection with the political echo is very inadequate and exaggerated. Because of the hysterics caused by several party leaders, market members believed that the situation had become political. The market reaction was similar to the reaction of political persecution. I think that present events are not a political campaign and Khodorkovsky's arrest will not be followed with the arrest of other businessmen. It is a private matter of prosecuting agencies. It will happen gradually - the people behind the collapse of the Russian stock market will understand that the reduction has reached the minimum level. They will start buying them and the process will develop backwards. I think that the market will stay shocked for a couple of days and then it will gradually recover."

more....

It seems that Putin is taking over Business in Russia
This is a good lesson for Bill Gates!!!
When you invest in countries that don't have democracies
you just might lose your Money, business, and put in prison
on the whim of the President or Prime Minister

:bounce:

[Nottingham]

1. Russian authorities seize 44pc ownership stake in Russian

Russian authorities seize 44pc ownership stake in Russian oil giant Yukos belonging to arrested tycoon Khodorkovsky who is in detention. DEBKAfile sources report fears of significant capital outflow from Russia and major geopolitical ramifications. Putin meets Russian investment bankers Thursday night. Although meeting scheduled before Khodorkovsky arrest, it will be overshadowed by episode.

http://www.debka.com/

[TheLastMohican]

2. Putin is finally going after the oligarchs

The last thing russia needs right now is control of its natural resource to some ChevronExxon zionist clan.
When most of russian people are dirt poor, people like Khodorkovsky are raiding Russian federal budget and rob common folks of everything they have had before including pensions, scholarships, money for the military families, disability and child care paychecks.
I say let him rot in prison and take his fellows Berezovsky and Gusinsky and their cosmopolitan crew with them.