Russian banks are experiencing problems with cash flow. Today MosPrime one-day rate rose to 23%. Morning banks had to sell dollars and euros to fill the demand for rubles. Central Bank of Russia has not even had to participate in today’s stock trading. Because the demand for Ruble now clearly exceeds the demand for dollars.

Many have compared the crisis in the USA with the Great Depression 30-ies. DJIA during the years of Depression has lost about 90%. To recover to 400 points took more than 20 years.

The Dow Jones timetable for the years 1928-1954

At the time of default in 1998 in Russia RTS index almost repeated the dynamics of the Dow Jones, having lost the same 90%. But the restoration of the Russian stock market is not taken so far. For 4 years, the market is back to 400 points. Those who entered during the August crisis had earned 900%.

RTS schedule for 1998-2002

To date, the Russian market fell by about 55-60% from May levels.

Schedule MICEX index since the beginning of 2008

If you look at the charts of default and the Great Depression, the market still has far to fall (200 points on the MICEX index and 250 points for the RTS Index - Target:)). But there are similar situations? The situations are similar only in part. And drop by 60%, in my view, very strong.

The Russian stock market was unable today to close in plussis. Further negative news on “Mechel” led to a drop in the indexes.

The Prime Minister of Russia Vladimir Putin today again raised with history of “Mechel”, explaining that the company used the scheme to offshore to reduce the tax base. Investors fear that “Mechel” becomes “Yukos number 2″.

MICEX Index on the outcome of the day lost 2.1%, RTS index - 1.2%. Investors have discounted shares, which, in their view, the present heightened political risk. Papers “Polyus Gold” collapsed at 9.4%, Norilsk Nickel - at 8.9%. After Yukos Norilsk Nickel was named a candidate for the No. 2 “sect”. It is known that at the “Polyus Gold” has long been eye “Alrosa.” The assets of Norilsk Nickel to regale with even more piece.

However this is only speculation until several players and attempts to minimize risks.

In my opinion, the current situation in the vast majority of Russian shares first echelon underestimated the market and attractive to buy.

Who has not yet arrived at the stock market of Russia, hurry, soon will not have such a great opportunity to earn money.

On Friday, Crude Oil Lt Sweet at the closing was worth $ 126.29. Oil continues Expensive, contrary to the predictions of many analysts. However, many companies are now revising their forecasts, increasing them. Yarovoiy.com expected that the average price of Brent oil brands will be $ 110 in 2008. Not whether to raise the forecast? Already this month, oil could be worth $ 130 a barrel, and in summer - $ 150. How much will it cost barrel of oil by the end of the year? Maybe $ 200?

An amount levied by a government body on an income, product or activity, and used to finance public services and goods. It may be direct on an income or indirect.

Target price - price that an investor hopes a stock will reach in a certain time period (if the context of stocks).

In the context of takeovers, the price at which an acquirer aims to buy a target firm.

In the context of options, the price of the underlying security at which an option will become in the money.

GAZPROM

Full name - an open joint stock company Gazprom.
The industry - oil and gas.
Company website - http://www.gazprom.ru

The share capital - 118 367 564 500 rubles.
Ordinary shares (face value - 5 rubles) - 23 673 512 900.
Price (18.04.2006, MICEX, rub.) - 271.69.
Capitalization - 6 431 857 million rubles ().
Major shareholders:
38.37% - The Ministry of Property of Russian Federation
10.74% - OAO Rosneftegaz ”

Changing the value of shares:
2004 - +98.9%
2005 - +154.0%

About Gazprom.
The world’s largest gas company, engaged in gas exploration and production, transportation and processing, as well as the implementation of gas in Russia and abroad.
Gazprom has the richest in the world reserves of natural gas. Its share in world gas reserves is 16%, in Russia - almost 60%.

In 2005, Gazprom bought the largest Russian oil company - Sibneft, which in 2006 was renamed Gazprom Neft. ”

In December 2005, Gazprom, together with BASF AG and E. ON AG began construction of NEGP (North-European gas pipeline). Nord Stream will link Russia’s Baltic coast near Vyborg with Germany’s Baltic coast in the vicinity of Greifswald. It is envisaged that the first thread of North-European gas pipeline will be put into operation in 2010. Its capacity - 27.5 billion cubic meters of gas a year. It is building a second pipeline threads and increasing the capacity of SEG 2 times - up to 55 billion cubic meters per year.

Gazprom - one of the largest companies in the world in terms of capitalization.
The total number of staff Gazprom is 330 thousand people.

By Yarovoiy.com (About Gazprom)

Dow Jones Industrial Average

In the Dow Jones Industrial Average is composed of leading U.S. companies.

The components of Dow Jones Industrial Average:

Alcoa (AA) - aluminum company, MCap - $ 30.5 billion (23.02.07);
American Internation Group (AIG) - MCap - $ 178.8 billion (23.02.07);
American Express Company (AXP) - MCap - $ 69.4 billion (23.02.07);
Boeing (BA) - Aircraft Manufacturing Company, MCap - $ 71.3 billion (23.02.07);
Citigroup (C) - the world’s largest financial corporation, MCap - $ 264.2 billion (23.02.07);
Caterpilar (CAT) - MCap - $ 43.8 billion (23.02.07);
DuPont (DD) - MCap - $ 48.7 billion (23.02.07);
Walt Disney Company (DIS) - MCap - $ 72.0 billion (23.02.07);
General Electric Company (GE) - Leading electro company U.S. MCap - $ 361.8 billion (23.02.07);
General Motors Company (GM) - Production of cars № 1 in the world (for 2006), MCap - $ 19.4 billion (23.02.07);
Home Depot (HD) - MCap - $ 83.6 billion (23.02.07);
Honeywell (HON) - MCap - $ 38.2 billion (23.02.07);
Hewlett-Packard (HPQ) - producer of computer equipment, MCap - $ 110.2 billion (23.02.07);
International Business Machines (IBM) - the largest computer company, MCap - $ 147.2 billion (23.02.07);
Intel (INTC) - the largest manufacturer of computer processors, MCap - $ 119.7 billion (23.02.07);
Johnson & Johnson (JNJ) - MCap - $ 185.7 billion (23.02.07);
JP Morgan & Chase (JPM) - large bank, MCap - $ 176.7 billion (23.02.07);
Coca-Cola Company (KO) - the largest producer of beverages, MCap - $ 109.4 billion (23.02.07);
McDonald’s Corporation (MCD) - holder of the world’s largest network of fast-food outlets, MCap - $ 56.9 billion (23.02.07);
3M (MMM) - MCap - $ 56.0 billion (23.02.07);
Altria Group (MO) - the largest manufacturer of tobacco products, MCap - $ 179.1 billion (23.02.07);
Merck & Co. (MRK) - Pharmaceutical company, MCap - $ 93.2 billion (23.02.07);
Microsoft Corporation (MSFT) - the largest producer of software for computers, MCap - $ 283.0 billion (23.02.07);
Pfizer (PFE) - Pharmaceutical company, MCap - $ 184.7 billion (23.02.07);
Procter & Gamble Company (PG) - MCap - $ 204.5 billion (23.02.07);
AT & T (T) - MCap - $ 230.8 billion (23.02.07);
United Technologies Corporation (UTX) - MCap - $ 67.3 billion (23.02.07);
Verizon Communications (VZ) - MCap - $ 111.9 billion (23.02.07);
Wal-Mart Stores (WMT) - the holder of the world’s largest chain stores, MCap - $ 206.6 billion (23.02.07);
Exxon Mobil (XOM) - the largest company in the world (23.02.07), oil and gas company, MCap - $ 430.9 billion

According to the Yarovoiy.com (About DJIA)