More pain in Russian Financial markets as the RTS fell 3.76% today in heavy trading. Some of the hardest hit sectors were Consumer & Retail off 7.00%, Metals and Mining off 6.65%, and Financials off 6.54%. We won’t mention the bond market today, but you can imagine how it did. We’ll give advice now to two separate groups of investors. To those already in the market, don’t sell and especially don’t sell now. If you have chosen your securities well, they likely will come back, sooner rather than later. Remember you are in an emerging market and your horizons should not be for the short-term, and it might be cold comfort but you are still doing better than your peers who have invested in two of the other four emerging economies. To investors considering making a move, when there is blood in the streets you should be readying your research to make a move. It is not necessary to make a move immediately but significant market corrections do not happen every day and the serious investor cannot ignore the opportunities they present.