From Science at NASA:
Mark your calendar: On March 3, 2007, the Moon will turn red during a total lunar eclipse visible from parts of all seven continents, including the eastern half of the United States.
Imagine this. You are home on the Moon.
Suddenly, the lights go out.
Up in the sky, a big black disk covers the sun. A red "ring of fire" appears where the sun was only moments before, and its glow turns the ground red beneath your feet.
Earthlings stuck on Earth can't see the ring of fire around the Earth, but lunarlings can see it.
Earthlings will see a red moon.