Foreign Exchange Market Finansy11-09-2008 bubble burst Russia's economy Thursday, the RTS index dropped again - this time below 1300 points, knocking regular forecasts that "now is certainly the market has bottomed." Still have to fall, says Head of shares of the IG Kapital "Konstantin Gulyaev. In an interview Bigness.ru he shared his vision of the causes of an unprecedented decline of Russian companies and talked about "bubbles" of Russian economy, which exposed the current crisis. Russian market falling since the end of June and to date has fallen by almost half, if we take as a starting point in May's record level of the RTS index - 2487.92 points. Can we talk about "the collapse of the bubble" of the Russian stock market, whose growth was not backed by anything? It is impossible, the expert believes the IG Kapital. " But without the "bubble" could not have done. "Certainly, the elements of a" bubble "in certain sectors were present, - the analyst said Bigness.ru. - Can not say that all companies had such a huge growth potential. " So, when in May last news about tax breaks for oil companies, just started watching speculative growth stocks of companies in this sector.
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