2016 will be a 'cataclysmic year,' warns RBS

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Nodack
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Joined: Tue Oct 21, 2014 6:50 pm

2016 will be a 'cataclysmic year,' warns RBS

Post by Nodack »

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.

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Superbone
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Location: San Diego, CA (Phoenix Native)

Re: 2016 will be a 'cataclysmic year,' warns RBS

Post by Superbone »

Nodack wrote:Stocks? If you are Superbone you ride the wave and you end up in the same place in the end either way.
Yep! :D 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.
"Be Legendary."

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Dan H
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Joined: Thu Jul 24, 2014 12:10 pm

Re: 2016 will be a 'cataclysmic year,' warns RBS

Post by Dan H »

They've been blowing an asset bubble via QE for years, it has to go down at some point.


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