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Sell everything! 2016 will be a 'cataclysmic year,' warns RBS

cheap_bastid 4,680 891 January 12, 2016 at 10:23 AM in Slickdeals News & Articles (3)
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http://money.cnn.com/2016/01/12/i...-year-rbs/

Wondering what to make of this... ConfusedConfused

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#2
Quote from cheap_bastid View Post :
http://money.cnn.com/2016/01/12/i...-year-rbs/ [cnn.com]

Wondering what to make of this...
Yeah, I saw this too earlier today. IMO seems like RBS trying to manipulate the market a little bit ... Making public statements like that is reckless.
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#3
They've been saying it since November. One of the reasons they list is China. I think they have China completely wrong as do many analysts. The Chinese stock market is not the Chinese economy. It's a side show. I'll agree with the CEO of Starbucks, the Chinese economy is doing just fine. When you are on the street in China, you see none of the turmoil that you would expect based on the US press. People in China aren't like Americans, they are crazy materialistic. Buy, buy, buy that's the mantra. The stores are full of goods and people. Go sit in any Starbucks and you'll see people pulling out big rolls of hundreds when they pay. This also plays into Apple. Since people have been forecasting for years that iphone sales would drop in China since the economy is slowing down. What's been happening, iphone sales in China have been going up. Still are. And in China you don't get $150 iphone 5s. They basically pay full retail.
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#4
Dow down another 350 today, is it cataclysmic yet?
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#5
On CNBC they just talked about Soc Gen calling for 550 on the SP500.
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Last edited by ghostofposterspast January 13, 2016 at 12:10 PM
#6
Pretty cool heads over on boglehead forums.
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#7
"Sell everything." look aroundEEK!laugh out loud
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#8
All your base are belong to us!!
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#9
We're still in a bull market. 10% decline is an official correction. RBS can go kill themselves.

This is just noise. Ill keep buying shares at a discount if the market crashes. w00t
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#10
It's been the worst 10-day stretch in market history. Analysts are idiots, as a general rule. How many analysts told you to buy stocks in the spring of 2009?

I guarantee buying now is heck of a lot better time to buy than it was any time last year. Also, the US is doing a heck of a lot better than anyone else. Shale guys may be hurting domestically, but as a whole, this is a huge taxcut for the US consumer, has been for months.
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Quote from Imerson View Post :
I don't think experience really matters for a president. My point is that you can't really use his own words from 4 years ago against him.
1.20.2009 - The end of one error, and the beginning of another
#11
^^^ I agree.

Scare the kids a bit, force them out, nothing ever changes. Reminds me of that last drop before the accent in 2011. Those were larger %age "corrections" than these recent ones IIRC.

One day, the bull market will die in equities. But if you study tops and market participation, you'll see a typical "bear trap" and then prices climbing at a rate a level or two in acceleration compared with the previous rate of incline as the shorts get hammered and the volume drops like a dead potato.

That said, i wouldn't reload until that squeeze is confirmed and bullish reversal prices are taken out. Still another 2000 points to go on the DJIA.

Than again, a good investor doesn't buy or sell based on what he thinks will or will not happen, because that's irrelevant.
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#12
the right shoulder to form on H/S in the next few wks and then the plung. No doubt sp500 heading for 1600.
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#13
Quote from Nattefrost View Post :
the right shoulder to form on H/S in the next few wks and then the plung. No doubt sp500 heading for 1600.
Technical trading works great.

Until it doesn't. Technical traders were crying wolf in Sept 2011.

IMO, earnings have started to and will continue to be strong in the US. That should put a bottom in soon, if we aren't there yet.
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#14
Quote from rrc06 View Post :
Technical trading works great.

Until it doesn't. Technical traders were crying wolf in Sept 2011.

IMO, earnings have started to and will continue to be strong in the US. That should put a bottom in soon, if we aren't there yet.
A 25% correction in prices after a 220% rally in 6 years? Seems pretty reasonable, if you ask me.watch the neckline break around 1860s. Goodluck to you.
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#15
The sentiment is so negative. Just watch Fast Money today. It was a sea of it's a bear market. They even brought out the Great Depression Chart.
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