Chronicles Of Depression 2.0: #434: Saudis

Saudi Arabia Moves to Boost Liquidity

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.

Explore posts in the same categories: C.O.A.T. - Belief, C.O.A.T. - Money, Depression 2.0

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