Econ RBS Warns of Cataclysmic 2016

[Laufen]

"Sell everything" is the advice they're tossing out.

http://money.cnn.com/2016/01/12/investing/markets-sell-everything-cataclysmic-year-rbs/

 

[Strider12]

I grow weary when companies like RBS throw this out there.

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[Laufen]

http://money.cnn.com/2016/01/07/investing/china-foreign-reserves-yuan-currency/index.html?iid=EL

 

[Strider12]

http://money.cnn.com/2016/01/07/investing/china-foreign-reserves-yuan-currency/index.html?iid=EL

I saw this. Nuclear Keysianism.

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[dial1911]

Sometimes I think reporters just need something to report on... Remember the past summer when China was "set to overtake the US as the world's greatest economy" or something like that... didn't work out so well in the short term.

I'm no economist- I have no idea how any of this will play out. But if everyone followed that first headline's advice to "sell everything" it would certainly make the markets turn upside down.

 

[Shemp]

Since the sky is falling I'm sure a smart guy like you knows how badly Cloud Insurance is needed in these troubled times...

 

[Shemp]

I saw this. Nuclear Keysianism.

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If at first you don't succeed spend spend again

 

[Thenut]

here is the fun part

these groups are the one of the exact reason we are in such a shit financial state. so......should we listen to them now?

lol, 2016 was set to be a bear market. sell everything so capital heavy folks can buy a bit later (there is an expected rebound, but who knows)

short of it is unless you are already capital heavy and diversified you are going to get reamed. for small time investors the markets have been nothing but suicidal in the past decade

 

[Thenut]

Sometimes I think reporters just need something to report on... Remember the past summer when China was "set to overtake the US as the world's greatest economy" or something like that... didn't work out so well in the short term.

I'm no economist- I have no idea how any of this will play out. But if everyone followed that first headline's advice to "sell everything" it would certainly make the markets turn upside down.

they did overtake us in terms of PPP (purchase power parity). but that means nothing outside the realm of upper economics and policy (aka shit). kinda like the gdp, the macro economic postulating is fucking garbage generally speaking

want advice? take it from an economist such as myself. if an economist has a good policy proposal: do the opposite

 

[Shemp]

here is the fun part

these groups are the one of the exact reason we are in such a shit financial state. so......should we listen to them now?

lol, 2016 was set to be a bear market. sell everything so capital heavy folks can buy a bit later (there is an expected rebound, but who knows)

short of it is unless you are already capital heavy and diversified you are going to get reamed. for small time investors the markets have been nothing but suicidal in the past decade

yeah...but you want to be a good citizen, don't you?

 

[Shemp]

they did overtake us in terms of PPP (purchase power parity). but that means nothing outside the realm of upper economics and policy (aka shit). kinda like the gdp, the macro economic postulating is fucking garbage generally speaking

want advice? take it from an economist such as myself. if an economist has a good policy proposal: do the opposite

So I shouldn't take your advice and listen to GDP stats and sell everything? I'm confused

 

[Shemp]

Maybe these guys are right. I should sell everything I own, cash out my retirement accounts and move to Venezuela to live like a king since money can buy you whatever you want (even toilet paper).

 

[Laufen]

Is anyone doing any buying? A financial writer friend of mine just sent me an email and said he's gently dipped into UCO and UPRO. I've done a little buying in the last 5 days, but I'm waiting for a little while before adding more.

 

[Strider12]

Is anyone doing any buying? A financial writer friend of mine just sent me an email and said he's gently dipped into UCO and UPRO. I've done a little buying in the last 5 days, but I'm waiting for a little while before adding more.

I'm waiting till mid-late March. I'm beginning to believe this is going to be one "hot" summer. Especially for oil.

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[Strider12]

Has anybody considered starting an "investment club"?

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[Laufen]

I'm waiting till mid-late March. I'm beginning to believe this is going to be one "hot" summer. Especially for oil.

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I hope so. I'd love to take a year off.

 

[Laufen]

I'm waiting till mid-late March. I'm beginning to believe this is going to be one "hot" summer. Especially for oil.

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I hope so. I'd love to take a year off.

 

[Strider12]

I hope so. I'd love to take a year off.

But you love your "job".

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[Laufen]

But you love your "job".

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I like vacation more.

 

[Laufen]

I'm waiting till mid-late March. I'm beginning to believe this is going to be one "hot" summer. Especially for oil.

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It's closer than that to taking off. Have liquid cash in your trading account and an itchy trigger finger.