Sell everything!!!!. RBS analyst Andrew Roberts
Sell (mostly) everything. RBS analyst Andrew Roberts delivered a crash course in turning a weighty markets note into headline news this week.
Take a strong position, scare some people, and allow it to be summed up in no more than three words.
In that note, Roberts, the head of the bank’s European rates research team, reiterated his super-bearish outlook for 2016, with forecasts of 10 to 20 per cent stock market falls.
He said: ' We think investors should be afraid that the ominous outlook for the world in our Year Ahead has been borne out over the past six weeks. This hardens our ‘anti-goldilocks’ and deflationist views.
‘We have been warning in past weeklies that this all looks similar to 2008. We dust off our old mantra: this is about “return of capital, not return on capital”’
Peak confidence: The FTSE 100 hit a record high last spring and has been mainly suffering since
Not to be outdone, so-called perma-bear Albert Edwards, at Societe Generale, issued his own dire warning of a fresh financial crisis and even a suggestion the US stock market could tumble as much as 75%.
Credit to Dailymail.co.uk
Read more: http://www.thisismoney.co.uk/money/diyinvesting/article-3398923/MINOR-INVESTOR-Sell-time-heed-dire-warnings.html#ixzz3xEl2AGOD
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Source: http://nunezreport.blogspot.com/2016/01/sell-everything-rbs-analyst-andrew.html
