Royal Bank of Scotland: "sell everything"
#213
Originally Posted by SayAlt
As for oil...purely from fundamental and technical analysis standpoints, no way to reasonably expect it to go back to $50 this year. Look at the horrible Q4 retail sales figures posted today. Consumers are saving money, not spending. This is economic contraction, which added to the over-supply of oil means that demand cannot be reasonably expected to increase as much as needed to absorb the over-supply and move the needle higher. Additionally, Iran is getting ready to flood the market with oil it has been under sanction from selling, but Obama's Iran Deal removes these restrictions. That will simply add to the over-supply during a time of weakening demand and put further pressure on oil prices. There are many major investment firms now forecasting $20/barrel prices this year, so I am curious to know what "analyst consensus" predicting $50 oil this year you are talking about. ??
That said, if....say....Iran and Saudi get into a shooting war (see: the recent escalated tensions between them since Saudi executed that Iranian cleric a week or so back), all fundamental and technical analysis is moot. Oil will skyrocket.
That said, if....say....Iran and Saudi get into a shooting war (see: the recent escalated tensions between them since Saudi executed that Iranian cleric a week or so back), all fundamental and technical analysis is moot. Oil will skyrocket.
#214
Gets Weekends Off
Joined APC: Jun 2008
Posts: 3,716
'Sell Everything' at Beginning of 'Cataclysmic Year Ahead,' Royal Bank of Scotland Warns - US News
You heard it here first. The music is about to stop.
You heard it here first. The music is about to stop.
#215
'Sell Everything' at Beginning of 'Cataclysmic Year Ahead,' Royal Bank of Scotland Warns - US News
You heard it here first. The music is about to stop.
You heard it here first. The music is about to stop.
https://m.youtube.com/watch?v=dF7wXe1LznU
#220
Gets Weekends Off
Joined APC: Jul 2009
Position: Downwind, headed straight for the rocks, shanghaied aboard the ship of fools.
Posts: 1,128
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