– Russia Will Not Reopen: “The Situation Has Been Recognized As An Emergency” (ZeroHedge, April 23, 2012):
One temporary halt and three delay attempts later, and we get…. this.
Yes, this is the Russian stock market.
The man who trades freedom for security does not deserve nor will he ever receive either. – Benjamin Franklin
– Russia Will Not Reopen: “The Situation Has Been Recognized As An Emergency” (ZeroHedge, April 23, 2012):
One temporary halt and three delay attempts later, and we get…. this.
Yes, this is the Russian stock market.
What is going on? Of course MSM isn’t going to cover it.
Russia is the 9th largest economic power in nominal value, the 6th largest in purchasing power…….not exactly an economy that can easily be overlooked.
Since the fall of the Soviet Union, there has been a lot of privatization of formerly public holdings…….
Thanks for the story, will check back for updates. If I find anything (I will look), I will post any link here.
Regards,
Marilyn Gjerdrum
Still searching. Found older articles saying it would reopen in a few hours, that it is a technical problem, cannot find anything concrete beyond what you have already posted. Even Russia Today has nothing about it….usually that is a good news source.
According to Reuters, it has to do with a technical breakdown, not economic. Found the link on Democratic Underground
http://www.reuters.com/article/2012/04/23/russia-stocks-suspension-idUSL5E8FNADK20120423
Here is the link from Democratic underground: they are discussing the problem.
http://www.democraticunderground.com/1014105363
What was going on in the market prior to the “technical difficulties”?