[9/17] Russia's largest stock exchange is *CLOSED*

http://www.themoscowtimes.com/articl.../42/371018.htm

In an unprecedented step, trading on Russian stock markets was suspended midday Wednesday until further notice, as financial authorities stepped in after the country's top two banks lost one-fifth of their value in an hour.

The Federal Service for Financial Markets called a halt on the RTS at 12:01 p.m., after the index had lost 7.6 percent in just over an hour. The MICEX was closed at 12:10 p.m., after it plummeted as much as 16.8 percent, according to Bloomberg data.

The RTS was left down 6.4 percent on the day, while the MICEX was down 3.1 percent, after receiving a dead-cat bounce just before the close.

The government regulator must halt trading if either of the indexes falls by more than 10 percent, according to financial market regulations.

The suspension was the second in two days and came after the MICEX fell a record 17.5 percent on Tuesday.

As of Wednesday evening, it was not immediately clear how long the markets would stay shut.

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This week's only gonna get worse.

I'm not too savvy as far as stocks goes, so what does this mean?

Well this means that were not the only people going broke. If it wasn't stopped they would go into something like"The great depression". This shows that we are all fucked until we get a new president and hopefully he will do something.

this isn't looking good at all, and this will not change for a while... and Youn C you're right you're not the only one going broke, cause what happens in the US will affect the whole world.

This is great. This is exactly what happens to a pocket Communist state. Hopefully they'll collapse again.

The only thing to worry about with our economy is if the US government collapses. Socialism, Fascism, or even Communism could replace our current government structure in the event of a collapse.

My advice: Arm yourself and wait for the revolution.