Bizblogger

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Tuesday, September 16, 2008

Russian Market Falling Faster than Obama's Poll Numbers

The U.S. markets have problems, but things could be worse. Russia's market was forced to halt trading after falling 17% today. The market is down approximately 60% since May.

I guess the combination of a dictatorial regime and falling oil prices are not attractive to investors. I believe that Putin overreached with his Georgia gamble and now Russia is headed for more trouble. Rubles, anyone?