RBS: Panic! Sell everything! Meltdown looming!

[anonymous-user]

Sam All said:

Stocks/equities continue to go south - capitulation? or a nice bounce from technically oversold conditions ?
Answers on a postcard.

Everyone seems determined to talk themselves into a 'correction' or worse this year.

https://www.youtube.com/watch?v=2IrDZtpJcaA&fe...

[Digga]

https://www.youtube.com/watch?v=JlYXp_3A64k

[Sam All]

Larry Fink's warning yesterday stocks may dip further 10% looks increasingly likely - only 7% more to go.

[hornetrider]

Is a bear market upon us? Were RBS right after all?

http://www.telegraph.co.uk/finance/markets/marketr...

[jshell]

Well, Shell announce 10,000 job cuts!

[QuantumTokoloshi]

hornetrider said:

Is a bear market upon us? Were RBS right after all?

http://www.telegraph.co.uk/finance/markets/marketr...

It has been coming for a while. 2016 is going to be bumpy.

[London424]

jshell said:

Well, Shell announce 10,000 job cuts!

I don't think looking at O&G companies and seeing job losses should be much of a surprise.

UK unemployment down to its lowest level in a decade.

[Sam All]

US cash market could easily turn the market around. People will start bottom fishing soon.

Capitulation soon?

[Wills2]

hornetrider said:

Is a bear market upon us? Were RBS right after all?

http://www.telegraph.co.uk/finance/markets/marketr...

Having followed that link, it's not looking good!

http://www.telegraph.co.uk/finance/financetopics/d...

[turbobloke]

Wills2 said:

hornetrider said:

Is a bear market upon us? Were RBS right after all?

http://www.telegraph.co.uk/finance/markets/marketr...

Having followed that link, it's not looking good!

http://www.telegraph.co.uk/finance/financetopics/d...

Globaldebtnageddon...is the EZ going to be leading the charge?

[Welshbeef]

Hopefully lots of people in the UK have been paying down debts building up reserves in cash in prep for a what if X happens.


Will house prices start to feel some pain ?

No inflation to speak of for 5 years
Dividends falling
Commodity prices falling
Oil price falling
China being at best cooking the books re GDP
Until inflation steps up companies simply will have no margins

Hopefully no one is leveraging up to the hilt in buying a house now - sit tight for a while and ride this one out.


Another angle is taxes will be down so our defecit will take longer to pay down so no surplus by 2020. That means we need to assess should we cut harder now to mitigate a much harder cut down the line.

Interesting times indeed.

[BlackLabel]

And now it's the Telegraph's turn to predict doom and gloom.



Debt, defaults, and devaluations: why this market crash is like nothing we've seen before

Telegraph said:

A global recession is on the way. This truism of economics holds at any point in which the world is not in the grips of a contraction.

The real question is always when and how deep the upcoming downturn will be.

“The crash will come, but it would be nice if it came two years from now”, Thomas Thygesen, head of economics at SEB told over 200 commodity investors and analysts in London last month

[turbobloke]

For no particular reason other than several of the female presenters I had Bloomberg on in the background while working today and they had a review of recent interviews in which global CEO after global CEO stepped up to say that any upcoming downturn wasn't going to be anywhere near as bad as 2008. A question I was hoping to see asked was whether any of these luminaries thought there would be more of the same after the Bank of Japan adopted a negative interest rate strategy at the end of January, given it's been a while iirc since the previous instance (ECB 2 years?) and Sweden is still there. More of the same would surely be a sign confirming failed conventionality and a wider desperation in dabbling with the law of unintended consequences.

[Welshbeef]

Interesting times indeed.


Don't we simply need a new marshal plan? 209 year repayment terms to clear the countries legacy over indulgence.

[Digga]

For comparison; it would be good to consider what global CEO after global CEO was saying in, say, mid 2007?

[speedy_thrills]

London424 said:

UK unemployment down to its lowest level in a decade.

Productivity and wage growth?

[227bhp]

Has there ever been a recession starting so close to another one ending? I can't say I'm overly worried.

[turbobloke]

Digga said:

For comparison; it would be good to consider what global CEO after global CEO was saying in, say, mid 2007?

Quite so. Then again they were probably too short of breath to comment due to laughing at Gordon's claim to have abolushed (Tory) boom and bust - nice irony - ahead of spunking away in his own self-belief thereby increasing grief at the forthcoming bust on Labour's watch.

[speedy_thrills]

227bhp said:

Has there ever been a recession starting so close to another one ending?

Yes, though it depends how you define recession of course. Every 8 to 10 years you tend to get a period of negative GDP growth.

We've had a pretty good bull market and valuations now looked well stretched by some traditional measures. Companies have returned a lot to shareholders through financial engineering so have concentrated risk and return a lot over the last few years. Many are struggling with top line growth at the moment as inflation adjusted wages (partially masked by CPI recently) and productivity are little changed. It's been a good time for investors and companies to pause and reflect on the last few years.

[turbobloke]

Checking out Brown's statements it appears as though the Tory bit was added as a figleaf.

"So, against a background of mounting uncertainty and instability in the global economy, we set about establishing a new economic framework to secure long-term economic stability and put an end to the damaging cycle of boom and bust".

In his last budget as Chancellor, Brown said "we will never return to the old boom and bust".