Russia Closed Markets!
Did you all hear about what’s going on in Russia? It seems that Russia is worst off than we are in America, which we already knew that. But it’s so bad that Russia ordered its main stock exchanges closed. They closed Wednesday after the RTS, a leading index, fell 6.5 percent and the MICEX exchange dropped 3 percent. By simply closing their exchange markets it will buy time for President Dmitry Medvedev to pump billions in to stabilize the markets. This will be the second day their markets will be closed. Maybe closing the exchange down and sending everyone on vaction for a little rest isn’t such a bad idea. Now you know I’m just joking here, but maybe that’s what everyone needs, a little down time and rest. We should also close our markets while the Fed works to stabilize. Maybe the Russian’s know something we don’t.
