Double Whammy

09/30/2008 10:22 am EST

Focus: ETFS

Thomas Aspray

, Professional Trader & Analyst

chart

The sharp plunge in oil prices Monday added additional downside pressure to some of the world markets with the Market Vectors Russia ETF down 16.5% on the day. According to Reuters early today, all trading was suspended on the Russian stock market as officials feared the losses could get even worse.

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