You think that recent performance of Dow & NASDAQ is bad? Just look at emerging markets. Hang Seng is down 20% in less than two weeks, 53% off the all-time high. Indian BSE index is 36% off the peak. Russia is going through 1929-like stock market crash, RTS index is down 57% since mid-May. Indian and Russian stock markets aren’t open yet, so we can expect another 4-5% down today.
Are they all overreacting, or was there a bubble in emerging markets? What’s next, where’s the bottom? Will we ever see that spectacular YoY growth again?
I think Russia’s markets were actually closed for a day or two. We should try that… oh wait, we already tried that with investment bank asset sales to avoid price discovery… that’s worked out pretty well.
I think Russia’s markets were actually closed for a day or two. We should try that… oh wait, we already tried that with investment bank asset sales to avoid price discovery… that’s worked out pretty well.
I think Russia’s markets were actually closed for a day or two. We should try that… oh wait, we already tried that with investment bank asset sales to avoid price discovery… that’s worked out pretty well.
I think Russia’s markets were actually closed for a day or two. We should try that… oh wait, we already tried that with investment bank asset sales to avoid price discovery… that’s worked out pretty well.
I think Russia’s markets were actually closed for a day or two. We should try that… oh wait, we already tried that with investment bank asset sales to avoid price discovery… that’s worked out pretty well.
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