It seems strange to me that Russia can start acting in such a dangerous fashion and the financial markets seem entirely unconcerned.

If the Global Financial Crisis proved anything, it was that no country was a separate entity any more, the markets are entirely interconnected yet the increasingly mad behaviour of the Kremlin (see below) doesn't seem to be recognised; the S&P 500 is within 1% of it's record high.

I guess the markets are assuming it'll all blow over soon (I do hope they're right) but there is, surely, a chance it won't. Limiting bloggers is a clear step to allow bad things to happen without the news getting out.

So, if the Kremlin thinks bad things are going to happen, why don't the markets?