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Strategies & Market Trends : Investment in Russia and Eastern Europe -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (402)8/7/1998 3:59:00 AM
From: Z Analyzer  Read Replies (2) | Respond to of 1301
 
Did anyone catch the article in yesterday's Investors Business Daily where someone was quoted as saying that if the rouble broke, it could go to 10 to 20 percent of its current value? This seems like an extreme and implausible prediction of doom. If the rouble were so badly overvalued, it seems unlikely it would have survived this long. The logical question is if the rouble does go, how much downside is realistic and how do market prices in US dollars fare, especially for Lukoil? Any thoughts appreciated.



To: Real Man who wrote (402)8/8/1998 4:19:00 AM
From: baystock  Read Replies (2) | Respond to of 1301
 
<<Stock Market cap (on RTS) is below 30 bln, or about 6% of GDP. >>

Might this be because Russia being a former communist country still has a lot of their companies not privatized yet ? Under Gorbachev the Market cap was probably below 1 bln. That does not mean the market has gone up 30x since then.


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