This is much worse than I thought

8 mars 2016Hi All, the correction in the markets has been long enough and it has now become a correction of one larger degree. This means that the subsequent moves will be of much larger magnitude than I had originally thought.

Specifically for the holders of Russian roubles - my only advice is that those of you who have any spare roubles in the pockets should convert them into dollars right now. This week. Period.