Russian stock market plunges 4.5% on market open
 

Gonna be a rough day.

MOSCOW, Sept 15 (Reuters) - Russia's MICEX index fell 4.43 percent in the first minutes of trade on Monday after U.S. investment bank Lehman Brothers Holdings (LEH.N: Quote, Profile, Research, Stock Buzz) filed for bankruptcy protection.

At one point the index of liquid shares was down 5 percent.

Shares in Russia largest bank Sberbank (SBER03.MM: Quote, Profile, Research, Stock Buzz) fell as much as 9.2 percent as the news hit global banking stocks, then recovered slightly to stand 7.16 percent down at 44.10 roubles. (Reporting by Gleb Bryanski)

This drop was already predicted after Fridays close and it wasn't because of the news yesterday in the US.

The drop was predicted because oil prices has dropped and the war in Georgia.

Thats ok, its because of the low oil prices overall. Russian economy is young and blooming like Met Art virgins.