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Old 01-12-2016, 07:28 PM   #1
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Default Royal Bank of Scotland: "sell everything"

'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.
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Old 01-12-2016, 07:42 PM   #2
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There are a lot more tumultuous signs than just the bank of Scotland...
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Old 01-12-2016, 07:52 PM   #3
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Yes there are this one just happened to be grabbing headlines. The writing is on the wall everywhere.
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Old 01-12-2016, 07:55 PM   #4
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Read the article, watched The Big Short, read a lot about economics, and still don't understand why the price of tea in China causes an American pilot to get furloughed. Maybe if everything wasn't based on credit, speculation, and artificialities our national/global economy wouldn't be so volatile. But I'm just a pilot.
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Old 01-12-2016, 08:17 PM   #5
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From the simple standpoint of economic theory, I would agree that everything is about to come tumbling down, but I thought that back in 2009. Whenever a large bank starts to advise the masses, I get suspicious they are about to front run the mkt somehow. A few years ago, when gold was at 1700/oz. Goldman Sachs was blasting the airwaves telling everyone that gold was headed to 2000/oz. and then it dropped 2 months later like a rock to where is is now, 1000/oz. Of course, the govts. and banks colluded to put naked shorts on gold and silver to suppress the price while the US devalued the dollar like mad.

Also, there was recently an interview with an ex Fed reserve guy named Fisher who admitted the Fed had been buying stocks to pump up the mkt and that PE/ ratios are at 19/1, without any top line growth, so that is the definition of a bubble.

The easy money has been flowing into stocks and real estate world wide, and driving the price of these things up beyond reason. Vast amounts of money has been circling the globe looking for return. That is now stopping. The stock market is due for a correction. Auto loans have been given out like candy and stock buybacks are no longer happening. All of this indicates a bad overhang ready to become an avalanche. Normally, it is prudent to pare back your investments substantially in these circumstances, but who knows what kind of stimulus the world's banks may come up with? I believe they are beyond reason and will try another attempt at inflating all the debt and recession away; until it all blows up in our faces. The guys who ran the ships aground--the Jaimie Diamonds and Lloyd Blankfeins--are still at the helm of even LARGER banks now. Also it is an ELECTION year. The dems don't want this thing to blow up before the election.
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Old 01-13-2016, 03:15 AM   #6
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"Sell everything" bad advice. Draw out two points in the market over time. It's been proven time and time again long term investment always beats the in and out of the market game.... ALWAYS
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Old 01-13-2016, 03:22 AM   #7
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I've been hearing for 6 years that "this year will be the year the market really crashes."

And I read it in the actual news first, not by some guy who is rooting for it all to end.
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Old 01-13-2016, 04:03 AM   #8
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This should be fun. Another sky is falling thread by regional pilots with very little education and monetary experience. I'm looking forward to bumping this one back into the light a year from now.
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Old 01-13-2016, 04:18 AM   #9
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Well, I dare say I understand more than the average person about investments and the stock market, although I am by no means an expert... A lot of my money has been pulled out since the beginning of last year. I'm sitting it in fixed interest accounts waiting for the correction to come, and it will. I don't think we'll see another bear market, but a 10 - 15% market correction is long over due.
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Old 01-13-2016, 05:38 AM   #10
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Buy gold, ammo and "freedom pellets." Peak oil is just around the corner!

Oh, and "Repent."
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