“The Massacre”
What a way to start a campaign. Dmitri Medvedev officially becomes a candidate for President of Russia and the stock market tanks. Probably not the soundtrack he would have chosen for his coming out party. The Russian press is screaming in terror. I’m sure someone will eventually blame it on the Americans.
The Russian stock market lost 7 percent of its value on Monday in what the The Moscow Times says is being called “The Massacre.” And a massacre it is. Recession is back. Locked and loaded. India “sank” to 11 rounds of percentage bullets. Today alone, Japan was “down” with 5. Australia had its “biggest fall” with 7 in the gut. Europe had its “worst day” with 3 logged in its arm. All you heard in the markets was “Bang! Bang! Bang!” The FT says that Recession will hit the US in the morning. The US is going down.
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