Royal Bank of Scotland today told their clients to sell everything except high quality bonds.
They are expecting a wipeout year.
Originally Posted by ExNYer
Every rising market needs a wall of worry. The Royal Bank of Scotland knows no more about the market than anyone else, though as COG correctly pointed out, I love turmoil. The worse things get in the US, the more opportunity for me to pick stocks.
OPEC is going to have to get Russia on board and stop the slide - I'm betting on it, starting today. I suggest you boys all start buying oil stocks, all the bad news is priced into them now.
Smart as you are ExNyer, and I put you ahead of everyone but LL, your problem is that you are an engineer - smarter than almost everyone else, but no great grasp of emotions - yours or anyone else's.
Markets are not rational in the short term and that is hard for an engineer to deal with unless they take the long term view.