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Royal Bank of Scotland Says "Sell Everything"
Old 01-12-2016, 11:06 AM   #1
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Royal Bank of Scotland Says "Sell Everything"

except high quality bonds.

Markets are heading for a 'cataclysmic year' in 2016, warns RBS - Jan. 12, 2016

Quote:
... 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,"
The end is here!


Buy signal?
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Old 01-12-2016, 11:09 AM   #2
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Buy signal?
big time - I was watching those idiots on squawkbox this morning while I was working out made them switch it to matt lauer
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Old 01-12-2016, 11:16 AM   #3
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RBS?
Now there's a credible source of financial advice.
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Old 01-12-2016, 11:57 AM   #4
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big time - I was watching those idiots on squawkbox this morning while I was working out made them switch it to matt lauer
You're implying that Matt was less idiotic than Squawkbox?
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Old 01-12-2016, 12:16 PM   #5
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I read the RBS statement in the Guardian this morning.....almost spat my coffee out....the numerologists and prognosticators are at it again.
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Old 01-12-2016, 12:48 PM   #6
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I read the RBS statement in the Guardian this morning.....almost spat my coffee out....the numerologists and prognosticators are at it again.
Just before the end of last year, a BBC podcast on forecasts for financial markets in 2016 included an interview with an astrologer. She claimed to have predicted the housing markets crash and its impact on the markets in a book she published before it happened. Her prediction for 2016: a big drop on January 6, followed by recovery which would last till February 14.

Personally I want to hear what the Fibonacci Queen says next time she's on Cramer.
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Old 01-12-2016, 01:01 PM   #7
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RBS traders make money when their folks sell.

They also make it when their folks buy.

No money to be made in stay the course? (Where do the investors park their yachts?)
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Old 01-12-2016, 01:27 PM   #8
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RBS?
Now there's a credible source of financial advice.
Or Incredible :

RBS timeline: where it all went wrong - Telegraph
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Old 01-12-2016, 02:10 PM   #9
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Oh, that article barely scratched the surface.

RBS has already squandered every penny of its £46bn bailout | Daily Mail Online
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Old 01-12-2016, 02:17 PM   #10
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Having just seen The Big Short yesterday, I am disinclined to believe any bank's advice.
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Old 01-12-2016, 02:36 PM   #11
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Wow...and that's just what was unearthed reported.
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Old 01-12-2016, 03:32 PM   #12
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Didn't RBS make a similar "sell everything now" call a few years ago?
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Old 01-12-2016, 04:48 PM   #13
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Yes but they're definitely right this time...
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Old 01-12-2016, 06:32 PM   #14
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Just before the end of last year, a BBC podcast on forecasts for financial markets in 2016 included an interview with an astrologer. She claimed to have predicted the housing markets crash and its impact on the markets in a book she published before it happened. Her prediction for 2016: a big drop on January 6, followed by recovery which would last till February 14.

Personally I want to hear what the Fibonacci Queen says next time she's on Cramer.

Louise Yamada?
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Old 01-12-2016, 07:33 PM   #15
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So someone has their kilt in a knot! Why should we care?
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Royal Bank of Scotland Says "Sell Everything"
Old 01-12-2016, 08:12 PM   #16
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Royal Bank of Scotland Says "Sell Everything"

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Louise Yamada?

Carolyn Boroden. I think the Fibonacci series is pretty cool, but I'm not going to use it in my investment strategy.
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Old 01-12-2016, 08:17 PM   #17
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RBS?
Now there's a credible source of financial advice.
+1 Those morons can't even run their own business competently and they expect people to believe their market prognostications? Do they think we are stoopid?
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Royal Bank of Scotland Says "Sell Everything"
Old 01-12-2016, 08:45 PM   #18
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Royal Bank of Scotland Says "Sell Everything"

Assuming the RBS is right, we must immediately reunite with England in order to avert economic and social disaster. Time to learn how to spell colour and pronounce 'alumunium'. 😊


The worst decisions are made when angry or impatient.
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Old 01-12-2016, 10:49 PM   #19
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I thought they were a little late.


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Old 01-12-2016, 11:00 PM   #20
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Assuming the RBS is right, we must immediately reunite with England in order to avert economic and social disaster. Time to learn how to spell colour and pronounce 'alumunium'. 😊


The worst decisions are made when angry or impatient.
I guess I will have to get used to drinking warm beer, putting air into my vehicle's tyres and checking the engine oil level once I open the bonnet.

I agree with your last statement.
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