Sell-Off In Russian Stock Market Over Talk Of Nuclear War

Prime Minister Dmitri Medvedev said hasty military incursions could end with radicals in power, a regional war or even to the extreme of using nuclear weapons. Pool photo by Dmitry Astakhov

A Whisper of Nuclear War Spurs A Sell-Off In A Russian Stock Market -- New York Times

MOSCOW — An unusually candid reference to nuclear war by Russia’s prime minister prompted a sell-off in the nation’s stock market this week, underscoring how nervous traders here have become about worsening relations with the West, a street protest movement in Moscow and an overall slump in emerging markets.

In remarks Thursday afternoon, the prime minister, Dmitri A. Medvedev, uttered the phrase “nuclear weapons” in a reference to the United States. Although oblique, the comment rattled traders, who sent the main stock market index down 3.5 percent within four hours.

Read more ....

My Comment: Yup .... nuclear wars are not exactly good for business.