Chronicles Of Depression 2.0: #434: Saudis
This is behind the Wall Street Journal paywall, but the bit I want is in the sneak peek:
The country’s stock market has fallen sharply, along with those of the rest of the world. But the drop on the Saudi stock market — the biggest by value in the Gulf — has been particularly steep. On Sunday, the market’s main index fell 3.8%, extending a 9.2% drop Saturday. The index is down more than 61% year-to-date.
Emphasis added by me.
I think we keep forgetting other countries have stock markets too. It’s good to be reminded how badly everyone else is doing.C.O.A.T. - Belief, C.O.A.T. - Money, Depression 2.0