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Российские акции : коррекция вышла за рамки обычной  (<30%)
Индекс РТС  ($)  –38%   от максимума с апреля 2011 ,[object Object]
Индекс ММВБ (руб.)  -30%  от максимума с апреля 2011 ,[object Object]
Нефть  уверенно держится особенно в Лондоне ( Brent  и  Urals >$100/bbl )
Рубль  в свободном плавании дошел до верхней границы коридора по бивалютной корзине ( ~ 32 - 37   руб. за  .55$+.45€ ) ,[object Object]
Индекс  доллара США : умеренный рост относительно глобальных валют ,[object Object]
Золото уже не очень защитный актив
Бегство от риска   как обычно реализуется продажей акций и покупкой высоконадежных облигаций ( US Treasuries …) Доходности 10-летних  US Treasuries  уже на минимуме с 2008г., как и   акции европейских компаний. Акции в США  (S&P 500)  и на развивающихся рынках ( MSCI EM)  далеки от минимумов 2008г.
Параллели с 2008 : в 2011 ещё ничего не произошло, но уже всё упало, может и ещё упасть, пока неопределенность нарастает. НО! Конец 2008 был лучшим моментом для входа в рынок акций. ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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Бегство от рисков. Сентябрь 2011

  • 1. Российские акции : коррекция вышла за рамки обычной (<30%)
  • 2.
  • 3.
  • 4. Нефть уверенно держится особенно в Лондоне ( Brent и Urals >$100/bbl )
  • 5.
  • 6.
  • 7. Золото уже не очень защитный актив
  • 8. Бегство от риска как обычно реализуется продажей акций и покупкой высоконадежных облигаций ( US Treasuries …) Доходности 10-летних US Treasuries уже на минимуме с 2008г., как и акции европейских компаний. Акции в США (S&P 500) и на развивающихся рынках ( MSCI EM) далеки от минимумов 2008г.
  • 9.