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Russian Ruble Extends Gains, Stocks Erase All Post-Downgrade Losses

"That'll teach them Russians" - oh wait... The kneejerk selling of Russian Rubles and stocks post-downgrade has almost entirely been erased and dip-buyers appear to be greatly rotating from US to Russian stocks today...

 

Currency has almost round-tripped its losses...

 

Russian stocks now green post-downgrade...

 

Charts: Bloomberg