Russian Index Dropped 72.4 Percent In 2008

Russia's benchmark RTS share index lost 72.4 percent in 2008, ranking it among the world's worst performing markets in one of the worst years ever for global stock markets.

It underperformed the MSCI Emerging Markets index by nearly 40 percent, according to Reuters data. The index underperformed its peers in the Brazil-Russia-India-China (BRIC) quartet of major emerging markets by 26-30 percent.

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Comments

[BobTrader67]

Not only is the stock market a disaster, with oil now at 40$, they are in for a seriously bad year. Rumors have it that a big devaluation will happen for the Ruble, raising inflation. That is all the Russians need now, with their very low salaries and extremely high cost of living. Maybe there is an opportunity here for the US to improve relations, and not miss the boat like we did in the 90's. Check out this cool site for traders http://www.freetradingquiz.com

[memphispaul]

Just goes to prove that the Russian's to just as well with capitalism as they did with communism. Total failures.

[vjoseph]

LOL, this is getting better. Russia do not count your chickens yet. Proclaiming the death of the US can backfire, dummies

[Dystopic]

Entire Russian economy now worth 1 small chicken, instead of 4.

Major sources of revenue;

Polonium

Bad Russian Pop music

Thuggery

Bribes and Extortion