It’s Correction Time, Russia’s RTS Index Is First Global Index To Hit Correction Stage, ETF: EEM

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June 23, 2009 10:03am ETF BASIC NEWS NYSE:EEM

russiaBob Pisani, writing for CNBC, reports that the RTS Index is down 23 percent since hitting its recent high on June 2nd. Bob also found that the MSCI Emerging Markets Index (EEM) is also down double-digits from its recent high on June 1st.


The following country stock markets are down since their recent June highs. Russia is down 23 percent, Emerging Markets is down 12 percent, Germany is down 9 percent, U.S. is down 7 percent, U.K. is down 6 percent, France is down 8 percent, Japan is down 6 percent, and Hong Kong is down 8 percent.

Commodities are also down double Some commodities are also down double digits from their highs a couple weeks ago. Copper is down 11 percent, Gasoline is down 11 percent, Oil is down 7 percent, Gold is down 7 percent and, Aluminum is down 6 percent


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