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(Some Guy)   Probably coincidence and nothing to worry about at all but the Moscow Exchange is not online anymore   (isitdownrightnow.com) divider line
    More: Fail, Web page, Domain Name System, World Wide Web, Moex website, Domain name, Web browser, service status, Internet  
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1123 clicks; posted to Business » on 27 Feb 2022 at 11:20 PM (17 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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2022-02-27 7:25:13 PM  
Down for 31 hours and counting

It really ought to be up in about the next four or five
 
2022-02-27 7:33:04 PM  
So is government.ru
 
2022-02-27 7:34:29 PM  
How does the exchange keep rolling when no one will do business with the banks anymore?
 
2022-02-27 7:50:49 PM  
Trading on the main trading floor is about 6 hours away from opening. 9:50am Moscow time
 
2022-02-27 8:00:49 PM  
In Soviet Russia, market turns you off
 
2022-02-27 8:01:12 PM  
Is this something that SWIFTly happened, or did it happen over time?
 
2022-02-27 8:01:55 PM  

arrogantbastich: In Soviet Russia, market turns you off


You think maybe--just maaaaaybe--Putin really really stepped in it?
 
2022-02-27 8:05:59 PM  
All your stonks are belong to Ukraine.
 
2022-02-27 8:07:08 PM  
This we can thank anon for

They're kicking Putinian asses
 
2022-02-27 8:16:30 PM  

xanadian: Is this something that SWIFTly happened, or did it happen over time?


Anonymous has been crashing Russian sites for a couple of days now, other groups have been hacking as well, and I'm sure there are State actors also in play. Also a not zero chance the market itself is just trying to avoid tomorrow as long as possible, because that tomorrow is going to be world class ugly for everything to do with the Russian economy.
 
2022-02-27 8:18:57 PM  

sno man: xanadian: Is this something that SWIFTly happened, or did it happen over time?

Anonymous has been crashing Russian sites for a couple of days now, other groups have been hacking as well, and I'm sure there are State actors also in play. Also a not zero chance the market itself is just trying to avoid tomorrow as long as possible, because that tomorrow is going to be world class ugly for everything to do with the Russian economy.


Agree. Could be the Russians themselves. They're anticipating a ruble crash of 25%.
https://www.theguardian.com/business/2022/feb/27/ukraine-moscow-braces-for-market-meltdown-monday-as-new-sanctions-hit
 
2022-02-27 8:21:57 PM  

Tanqueray: sno man: xanadian: Is this something that SWIFTly happened, or did it happen over time?

Anonymous has been crashing Russian sites for a couple of days now, other groups have been hacking as well, and I'm sure there are State actors also in play. Also a not zero chance the market itself is just trying to avoid tomorrow as long as possible, because that tomorrow is going to be world class ugly for everything to do with the Russian economy.

Agree. Could be the Russians themselves. They're anticipating a ruble crash of 25%.
https://www.theguardian.com/business/2022/feb/27/ukraine-moscow-braces-for-market-meltdown-monday-as-new-sanctions-hit


They'll be really lucky if that's all it is.

They're going to have hyperinflation.

Good luck to the people of Russia. You all should stop electing assholes.
 
2022-02-27 8:25:08 PM  

Visual Howlaround Title Sequence: Good luck to the people of Russia. You all should stop electing assholes.


They're not really electing anyone though. Putin wins elections the way the GQP thinks Biden wins elections.
 
2022-02-27 8:29:25 PM  
Fark user imageView Full Size


Foreign direct investors in Russian stonks: What the fark were you thinking? That's what ETFs and ETNs are for! They knew what they were getting into, let 'em crash.

Foreign indirect investors in Russian stonks through western-listed ETFs and ETNs: I have no farking clue how the managers of these instruments value the underlying securities in situations like this. Not that Monday's an expiration day, but how do you exercise a call or a put option when the exchange is closed?

Also - and I actually mean this part - Exchange-traded notes and exchange-traded funds are not the same thing. Read the farking prospectus. (If you're farking around in something like RSX it might be too late to do that, and for the 2x leveraged RUSL bull ETF, it's already too late to do that.)

The distinction between ETFs and ETNs (if you won't read the prospectus, read https://www.finra.org/investors/alerts/exchange-traded-notes-avoid-unpleasant-surprises) - because this applies to anyone farking with energy-related, agricultural-commodity-related, or even just volatility-related products - is really farking important.

Four years ago, there was a big trade in volatility-related products. It ended badly. Really badly.

https://towardsdatascience.com/the-xiv-meltdown-1b0608110b9f?gi=be4f71fc4893

(in 2018, if you owned the XIV exchange-traded note during this crash, you thought you were going to make it when things bounced overnight. Except that the prospectus for XIV basically reads "Hey, if we lose more than 80% in a day, we shut it down. You get whatever it was worth after the bell yesterday, which is nothing.")
 
2022-02-27 8:29:41 PM  
I bet it's Russian hackers.
 
2022-02-27 8:36:58 PM  

cowsaregoodeating: Visual Howlaround Title Sequence: Good luck to the people of Russia. You all should stop electing assholes.

They're not really electing anyone though. Putin wins elections the way the GQP thinks Biden wins elections.


Well, true.
 
2022-02-27 9:28:29 PM  
Market can't crash if you don't allow trading
 
2022-02-27 9:28:38 PM  

sno man: xanadian: Is this something that SWIFTly happened, or did it happen over time?

Anonymous has been crashing Russian sites for a couple of days now, other groups have been hacking as well, and I'm sure there are State actors also in play. Also a not zero chance the market itself is just trying to avoid tomorrow as long as possible, because that tomorrow is going to be world class ugly for everything to do with the Russian economy.


And after everything I've heard about Russia's l33t h4xx0r5, lol.

The whole clusterf*ck can be summed up as such:

Fark user imageView Full Size
 
2022-02-27 9:31:28 PM  

sno man: xanadian: Is this something that SWIFTly happened, or did it happen over time?

Anonymous has been crashing Russian sites for a couple of days now, other groups have been hacking as well, and I'm sure there are State actors also in play. Also a not zero chance the market itself is just trying to avoid tomorrow as long as possible, because that tomorrow is going to be world class ugly for everything to do with the Russian economy.


It's not Anonymous
It's the cyber police.
 
2022-02-27 9:53:50 PM  

cretinbob: sno man: xanadian: Is this something that SWIFTly happened, or did it happen over time?

Anonymous has been crashing Russian sites for a couple of days now, other groups have been hacking as well, and I'm sure there are State actors also in play. Also a not zero chance the market itself is just trying to avoid tomorrow as long as possible, because that tomorrow is going to be world class ugly for everything to do with the Russian economy.

It's not Anonymous
It's the cyber police.


No, it's eBaums world

/This is the second time today I've had to correct you
 
2022-02-27 10:19:18 PM  

cman: cretinbob: sno man: xanadian: Is this something that SWIFTly happened, or did it happen over time?

Anonymous has been crashing Russian sites for a couple of days now, other groups have been hacking as well, and I'm sure there are State actors also in play. Also a not zero chance the market itself is just trying to avoid tomorrow as long as possible, because that tomorrow is going to be world class ugly for everything to do with the Russian economy.

It's not Anonymous
It's the cyber police.

No, it's eBaums world

/This is the second time today I've had to correct you


Well
Eventually it will stick
 
2022-02-27 11:47:11 PM  

Tanqueray: sno man: xanadian: Is this something that SWIFTly happened, or did it happen over time?

Anonymous has been crashing Russian sites for a couple of days now, other groups have been hacking as well, and I'm sure there are State actors also in play. Also a not zero chance the market itself is just trying to avoid tomorrow as long as possible, because that tomorrow is going to be world class ugly for everything to do with the Russian economy.

Agree. Could be the Russians themselves. They're anticipating a ruble crash of 25%.
https://www.theguardian.com/business/2022/feb/27/ukraine-moscow-braces-for-market-meltdown-monday-as-new-sanctions-hit


That seems conservative. With the sanctions & restrictions placed on their central bank, the usual avenues for shoring up a declining currency aren't going to be available to them. If it drops just 25%, it'd be a miracle. I'd assume a much more pessimistic scenario...
 
2022-02-27 11:49:24 PM  

FormlessOne: Tanqueray: sno man: xanadian: Is this something that SWIFTly happened, or did it happen over time?

Anonymous has been crashing Russian sites for a couple of days now, other groups have been hacking as well, and I'm sure there are State actors also in play. Also a not zero chance the market itself is just trying to avoid tomorrow as long as possible, because that tomorrow is going to be world class ugly for everything to do with the Russian economy.

Agree. Could be the Russians themselves. They're anticipating a ruble crash of 25%.
https://www.theguardian.com/business/2022/feb/27/ukraine-moscow-braces-for-market-meltdown-monday-as-new-sanctions-hit

That seems conservative. With the sanctions & restrictions placed on their central bank, the usual avenues for shoring up a declining currency aren't going to be available to them. If it drops just 25%, it'd be a miracle. I'd assume a much more pessimistic scenario...


It's already down about 40% and that's just pre-trading.
 
2022-02-27 11:50:24 PM  

cman: cretinbob: sno man: xanadian: Is this something that SWIFTly happened, or did it happen over time?

Anonymous has been crashing Russian sites for a couple of days now, other groups have been hacking as well, and I'm sure there are State actors also in play. Also a not zero chance the market itself is just trying to avoid tomorrow as long as possible, because that tomorrow is going to be world class ugly for everything to do with the Russian economy.

It's not Anonymous
It's the cyber police.

No, it's eBaums world


No, that's iBecky.
 
2022-02-28 12:02:24 AM  

Tanqueray: Agree. Could be the Russians themselves. They're anticipating a ruble crash of 25%.


I admire their sunny optimism.
 
2022-02-28 12:08:33 AM  
I wonder what they are going to use for money inside Russia now? Rubles? Their buying power is dropping fast and salaries are fixed. Wonder how much a soldier gets paid if they even pay conscripts. I would imagine if you are traveling or shopping in Russia they will want payment in Euros or Dollars. Your credit card isn't going to be working so you will need cash. But it isn't like everyone can walk around with a bunch of Euros and you aren't going to be able to exchange them. Russia needs the world, but they are attacking it.
 
2022-02-28 12:08:38 AM  

eurotrader: Trading on the main trading floor is about 6 hours away from opening. 9:50am Moscow time


Update: trading on Monday will not open until at least 3pm local time, if at all. The Central Bank will make the call at 1pm local time whether to allow trading on Monday.

In other words, Vovochka has destroyed Russia's capital markets in a single weekend.
 
2022-02-28 12:25:22 AM  

MikeyFuccon: eurotrader: Trading on the main trading floor is about 6 hours away from opening. 9:50am Moscow time

Update: trading on Monday will not open until at least 3pm local time, if at all. The Central Bank will make the call at 1pm local time whether to allow trading on Monday.

In other words, Vovochka has destroyed Russia's capital markets in a single weekend.


The ruble is going to become a non-convertible currency. This is complete economic collapse the run on the banks then the protests in Russia. There is no way to prop up the ruble.
 
2022-02-28 12:30:05 AM  

cman: cretinbob: sno man: xanadian: Is this something that SWIFTly happened, or did it happen over time?

Anonymous has been crashing Russian sites for a couple of days now, other groups have been hacking as well, and I'm sure there are State actors also in play. Also a not zero chance the market itself is just trying to avoid tomorrow as long as possible, because that tomorrow is going to be world class ugly for everything to do with the Russian economy.

It's not Anonymous
It's the cyber police.

No, it's eBaums world

/This is the second time today I've had to correct you


Years ago I met the owner of eBaums world at Lago Marr in Ft Lauderdalle. Interesting dude.  Had a few drinks with him...Strangers in the night..That is all.
 
2022-02-28 12:47:12 AM  

eurotrader: There is no way to prop up the ruble.


I have a 4x6 scrap stronger than the ruble.
 
2022-02-28 1:10:03 AM  
SWIFT:

Fark user imageView Full Size


"Look at what you made me do."
 
2022-02-28 1:11:13 AM  

cretinbob: sno man: xanadian: Is this something that SWIFTly happened, or did it happen over time?

Anonymous has been crashing Russian sites for a couple of days now, other groups have been hacking as well, and I'm sure there are State actors also in play. Also a not zero chance the market itself is just trying to avoid tomorrow as long as possible, because that tomorrow is going to be world class ugly for everything to do with the Russian economy.

It's not Anonymous
It's the cyber police.


One way or another, consequences will never be the same.
 
2022-02-28 1:13:43 AM  
Has a central bank ever been prevented from defending its currency before?  The ruble won't be worth the memory storage costs to track it.
 
2022-02-28 1:26:47 AM  

KarmicDisaster: I wonder what they are going to use for money inside Russia now? Rubles? Their buying power is dropping fast and salaries are fixed. Wonder how much a soldier gets paid if they even pay conscripts. I would imagine if you are traveling or shopping in Russia they will want payment in Euros or Dollars. Your credit card isn't going to be working so you will need cash. But it isn't like everyone can walk around with a bunch of Euros and you aren't going to be able to exchange them. Russia needs the world, but they are attacking it.


My guess is Putin has 48 hours tops before these anti-war protests turn into "there's no food at home and no food in the stores because nobody can buy anything" protests, an issue that most of the political spectrum is highly motivated by.
 
2022-02-28 1:35:34 AM  
Nothing to see here, just flooding explosions riots hackers routine maintenance.
 
2022-02-28 2:03:35 AM  
Does Anonymous still use LOIC? LOL.

If they use that, or some successor, I wouldn't be surprised if a bunch of nerds / geeks was letting them use their bandwidth to nail Russian websites.
 
2022-02-28 2:06:22 AM  

ImpendingCynic: cman: cretinbob: sno man: xanadian: Is this something that SWIFTly happened, or did it happen over time?

Anonymous has been crashing Russian sites for a couple of days now, other groups have been hacking as well, and I'm sure there are State actors also in play. Also a not zero chance the market itself is just trying to avoid tomorrow as long as possible, because that tomorrow is going to be world class ugly for everything to do with the Russian economy.

It's not Anonymous
It's the cyber police.

No, it's eBaums world

No, that's iBecky.


No it's SomethingAwful and the Goons.
 
2022-02-28 2:12:15 AM  

Target Builder: "there's no food at home and no food in the stores because nobody can buy anything"


Russian MREs are pretty good.  How much of the stockpile the military is willing to part with is an entirely different question.
 
2022-02-28 2:46:59 AM  

eurotrader: MikeyFuccon: eurotrader: Trading on the main trading floor is about 6 hours away from opening. 9:50am Moscow time

Update: trading on Monday will not open until at least 3pm local time, if at all. The Central Bank will make the call at 1pm local time whether to allow trading on Monday.

In other words, Vovochka has destroyed Russia's capital markets in a single weekend.

The ruble is going to become a non-convertible currency. This is complete economic collapse the run on the banks then the protests in Russia. There is no way to prop up the ruble.


All currencies are non-convertible currencies. They are bank notes, not automobiles with removeable canvas roofs.


/inb4 Iosef Jethrovich McSixpack has to bring a fistful of RUS 100,000,000,000,000 notes to the grocery store to buy a handful of potatoes
 
2022-02-28 2:48:42 AM  
So uhhhhh....what happens to a completely imploded Russia with extreme hyperinflation, runs on the banks, and no economic prospects? A nuclear power with a paranoid, cornered leader and a destabilized nation?

Sanctions are good, but this seems uncomfortably close to a 'defeated Khan with the Genesis capsule' scenario.
 
2022-02-28 3:06:57 AM  
They say to buy the dip. Is now a good time to buy Russian vodak stonks?
 
2022-02-28 3:16:52 AM  

xanadian: arrogantbastich: In Soviet Russia, market turns you off

You think maybe--just maaaaaybe--Putin really really stepped in it?


He broke the money in an oligarchy. I think he needs wading boots for what's been stepped in.
 
2022-02-28 4:04:18 AM  

Corn_Fed: So uhhhhh....what happens to a completely imploded Russia with extreme hyperinflation, runs on the banks, and no economic prospects? A nuclear power with a paranoid, cornered leader and a destabilized nation?

Sanctions are good, but this seems uncomfortably close to a 'defeated Khan with the Genesis capsule' scenario.


most probably it's the out the dragged round the back of the Dacha and a hail of bullets scenario.
 
2022-02-28 5:16:04 AM  

Visual Howlaround Title Sequence: Good luck to the people of Russia. You all should stop electing assholes.


Yep. All those free and fair elections and they still keep voting for the same dictator. What a bunch of jerks, amirite?
 
2022-02-28 5:45:26 AM  
 
2022-02-28 6:59:01 AM  

Corn_Fed: So uhhhhh....what happens to a completely imploded Russia with extreme hyperinflation, runs on the banks, and no economic prospects? A nuclear power with a paranoid, cornered leader and a destabilized nation?

Sanctions are good, but this seems uncomfortably close to a 'defeated Khan with the Genesis capsule' scenario.


Fortunately they have an easy solution, pull all armed forces out of Ukraine.
 
2022-02-28 7:26:02 AM  

KarmicDisaster: I wonder what they are going to use for money inside Russia now? Rubles? Their buying power is dropping fast and salaries are fixed. Wonder how much a soldier gets paid if they even pay conscripts. I would imagine if you are traveling or shopping in Russia they will want payment in Euros or Dollars. Your credit card isn't going to be working so you will need cash. But it isn't like everyone can walk around with a bunch of Euros and you aren't going to be able to exchange them. Russia needs the world, but they are attacking it.


Maybe they could collectivize or something, and simply provide for each of them as they need from each of them who are able? Some sort of socialized system where they're assigned work matching their skills by the government and provided for at a level matching their needs. Need to think of a name for this setup though...
 
2022-02-28 8:04:40 AM  

GregInIndy: KarmicDisaster: I wonder what they are going to use for money inside Russia now? Rubles? Their buying power is dropping fast and salaries are fixed. Wonder how much a soldier gets paid if they even pay conscripts. I would imagine if you are traveling or shopping in Russia they will want payment in Euros or Dollars. Your credit card isn't going to be working so you will need cash. But it isn't like everyone can walk around with a bunch of Euros and you aren't going to be able to exchange them. Russia needs the world, but they are attacking it.

Maybe they could collectivize or something, and simply provide for each of them as they need from each of them who are able? Some sort of socialized system where they're assigned work matching their skills by the government and provided for at a level matching their needs. Need to think of a name for this setup though...


Yeah.... yeah! And then Putin could have some kind of long range plan, maybe, say, 3 or better yet 5 years out, that dictated how much of everything to produce and force people to produce it to prevent shortages!
 
2022-02-28 11:54:45 AM  
Apparently won't be in operation from 3/1 to 3/5, either.
 
2022-02-28 11:55:23 AM  

Farkage: Bank of Russia shuts stock trading on MOEX today.

https://twitter.com/bloombergquint/status/1498241956446572545?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet


Yep - there's an indication that they won't open for March 1 through March 5, either.
 
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