"Fast Money" is the name of a popular program in CNBC channel, where they discuss what stock to trade ( buy or sell) to make quick money.
However, what most people do not realize is that Fast Money policyis followed by many FIIs in many developing countries... need proof? Look at the Russian Stock Index, which has fallen 20% yet agian today... the graph actually is not updated... the sigure should show 886.
Point is, when things get difficult in emerging economies, hot money that came in and whipped up the markets, as the int eh case of Russia, when the going was good, can flow out even faster!!! Poor investors locally are left in the lurch... what we are witnessing in Russsia is PANIC... nothing more.
China and India are not too far behind, in this phenomenon.
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