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Global Stock and Credit Crash Alert
06-18-2008, 12:36 AM
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#1
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gone traveling
Join Date: Aug 2006
Posts: 994
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Global Stock and Credit Crash Alert
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RBS issues global stock and credit crash alert
By Ambrose Evans-Pritchard, International Business Editor
Last Updated: 6:55am BST 18/06/2008
The Royal Bank of Scotland has advised clients to brace for a full-fledged crash in global stock and credit markets over the next three months as inflation paralyses the major central banks.
"A very nasty period is soon to be upon us - be prepared," said Bob Janjuah, the bank's credit strategist.
A report by the bank's research team warns that the S&P 500 index of Wall Street equities is likely to fall by more than 300 points to around 1050 by September as "all the chickens come home to roost" from the excesses of the global boom, with contagion spreading across Europe and emerging markets.
Such a slide on world bourses would amount to one of the worst bear markets over the last century.
< snip >
entire article at link
RBS issues global stock and credit crash alert - Telegraph
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06-18-2008, 01:30 AM
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#2
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Recycles dryer sheets
Join Date: Oct 2005
Posts: 325
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Well, if the Royal Bank of Scotland says so, guess it must be true!
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06-18-2008, 08:12 AM
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#3
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Thinks s/he gets paid by the post
Join Date: Jan 2008
Posts: 2,020
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Rich, you'd better wait another year
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06-18-2008, 08:33 AM
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#4
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Full time employment: Posting here.
Join Date: May 2008
Posts: 546
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Taking my checking out of Citizen's...
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06-18-2008, 09:01 AM
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#5
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Recycles dryer sheets
Join Date: Jun 2008
Posts: 94
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... Doh
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06-18-2008, 09:10 AM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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I hear the store is having a sale on Reynolds' tinfoil...
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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06-18-2008, 10:03 AM
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#7
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2007
Location: Independence
Posts: 7,280
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Which is all very fun 'n stuff, but all this whistling in the dark we're doing is really nothing more than that, correct? Isn't it that we all hope there isn't "a full-fledged crash in global stock and credit markets over the next three months as inflation paralyses the major central banks"? Have no idea how one is supposed to brace for such an eventuality - figure my Y2K MREs are still good, and haven't used up the candles and lamp oil - but it sure doesn't bother me having them. Having a bit 'o cash put aside feels right too...
Lessee.
proper asset allocation?
active, mobile, and hostile?
guns, gold, grain and grist mill?
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06-18-2008, 10:05 AM
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#8
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Thinks s/he gets paid by the post
Join Date: Jan 2008
Posts: 2,020
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06-18-2008, 10:08 AM
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#9
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2007
Location: Independence
Posts: 7,280
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maybe good wasn't the best choice of words... can be eaten? better than grass porridge or eating bark?
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06-18-2008, 10:17 AM
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#10
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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Switchgrass sounds good, you can eat it or put it in your car.........
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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06-18-2008, 10:24 AM
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#11
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Gone but not forgotten
Join Date: Aug 2006
Posts: 6,924
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Quote:
Originally Posted by calmloki
maybe good wasn't the best choice of words... can be eaten? better than grass porridge or eating bark?
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MREs
Meals Rejected by Ethiopians.
__________________
"Knowin' no one nowhere's gonna miss us when we're gone..."
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06-18-2008, 10:26 AM
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#12
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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Quote:
Originally Posted by Khan
MREs
Meals Rejected by Ethiopians.
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Meals that Refuse to Exit
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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06-18-2008, 10:44 AM
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#13
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gone traveling
Join Date: Aug 2006
Posts: 994
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Quote:
Originally Posted by calmloki
Which is all very fun 'n stuff, but all this whistling in the dark we're doing is really nothing more than that, correct? Isn't it that we all hope there isn't "a full-fledged crash in global stock and credit markets over the next three months as inflation paralyses the major central banks"?
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As the article says: " Cash is the key safe haven. "
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06-18-2008, 10:45 AM
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#14
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Moderator Emeritus
Join Date: Jun 2007
Location: At The Cafe
Posts: 6,873
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Quote:
Originally Posted by Khan
MREs
Meals Rejected by Ethiopians.
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True story. There is an Ethiopian (longtime immigrant with perfect English) at the coffee shop who wants to feed me! Start a healthy-food catering business. She's already fed me some bing cherries. Most of us at the coffee shop are starting to avoid her. That's the word on my street.
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06-18-2008, 10:50 AM
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#15
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gone traveling
Join Date: Aug 2006
Posts: 994
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Quote:
Originally Posted by brewer12345
I hear the store is having a sale on Reynolds' tinfoil...
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The British media doesn't put smiley faces on the financial news.
Give me smiley faces or give me tinfoil !
Is that it ?
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06-18-2008, 04:25 PM
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#16
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Recycles dryer sheets
Join Date: Jan 2008
Posts: 159
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Quote:
Originally Posted by Helena
As the article says: " Cash is the key safe haven. "
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There are many inverse ETFs that you can use to profit in a down market. Cash is not the only option. If there is an interest I can provide a list of inverse ETFs, some of which are double inverse.
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06-18-2008, 04:45 PM
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#17
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Thinks s/he gets paid by the post
Join Date: Jan 2004
Posts: 1,502
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Quote:
Originally Posted by BoutDone
There are many inverse ETFs that you can use to profit in a down market. Cash is not the only option. If there is an interest I can provide a list of inverse ETFs, some of which are double inverse.
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There is. Please provide list.
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06-18-2008, 04:52 PM
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#18
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Thinks s/he gets paid by the post
Join Date: Mar 2006
Location: Houston
Posts: 4,337
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I was immediately surprised that all of my normal sarcastic comments had already been taken but then I realized the people on this forum are just as jaded as I am. Here's my one contribution -- Analysts make a "name" for themselves by making a totally outrageous prediction that happens to come true. It doesn't matter if the 92 before and the 37 after were totally wrong. They will always be introduced as the one who said "........" and were right.
__________________
The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane -- Marcus Aurelius
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06-18-2008, 05:29 PM
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#19
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gone traveling
Join Date: Aug 2006
Posts: 994
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This article was mentioned this afternoon by FOX and CNN news.
Do you think there is enough tinfoil to go around...
I don't want to horde it all
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06-18-2008, 05:52 PM
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#20
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2005
Posts: 5,381
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Quote:
Originally Posted by Helena
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This article was mentioned this afternoon by FOX and CNN news.
Do you think there is enough tinfoil to go around...
I don't want to horde it all
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Bad things happen all the time. In financial markets, "one in 100 year catastrophes" actually happen every 5-10 years. I fully expect to see another 50% decline in stocks in my investing lifetime . . . maybe more then one. But because we can't predict with any degree of certainty when the next one will hit, rushing to adjust the portfolio every time someone says "Y2K", "Avian Flu", "Terrorists", "Credit Crisis", or whatever happens to be the fear de jour, just ends up being counter productive.
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