http://money.cnn.com/2016/01/12/investi ... index.html
That harrowing advice is from The Royal Bank of Scotland, which has warned of a "cataclysmic year" ahead for markets and advised clients to head for the exit. Do not wait. Do not pass go.
"Sell everything except high quality bonds," warned Andrew Roberts in a note this week.
He said the bank's red flags for 2016 -- falling oil, volatility in China, shrinking world trade, rising debt, weak corporate loans and deflation -- had all been seen in just the first week of trading.
"We think investors should be afraid," he said.
I'm probably just paranoid but, they are a major Bank, not some guy on the internet selling something or a politician. If I was selling a house I would do it now. If I was buying a house I might wait. Stocks? If you are Superbone you ride the wave and you end up in the same place in the end either way.
2016 will be a 'cataclysmic year,' warns RBS
Re: 2016 will be a 'cataclysmic year,' warns RBS
Yep! I'm not concerned what happens in the next month or year. Do I think the stock market will be higher in five years than it is now? Yes. I will continue to invest as I've always done. If the market goes down, then I'm getting a deal.Nodack wrote:Stocks? If you are Superbone you ride the wave and you end up in the same place in the end either way.
"Too little, too late, too unbothered."
- Phoenix Suns 2023-2024 season motto.
"Be Legendary."
- Phoenix Suns 2023-2024 season motto.
"Be Legendary."
Re: 2016 will be a 'cataclysmic year,' warns RBS
They've been blowing an asset bubble via QE for years, it has to go down at some point.