rmptr
Silver Member
I found this one a day or so, ago...
Presented by that fellow, Ilargi.
...
A report from Royal Bank of Scotland, has said, "The Royal Bank of Scotland has advised clients to brace for a full-fledged crash in global stock and credit markets over the next three months as inflation paralizes the major central banks."
Credit analyst Bob Janjuah reckons the S&P 500 will fall by more than 300 points to around 1,050.
That's a more-than-20% fall - a proper bear market plunge.
Pretty dramatic.
So is this really likely, or is it all a nice bit of attention-grabbing doom-saying?
Well, while I'm not convinced that anyone can time the market to that kind of accuracy,
I think it's fair to say that prospects look a lot more grim than anyone's really accepting at the moment.
And that's, broadly speaking, the reason that Mr Janjuah thinks things will get worse - the dreadful sense of disappointment as everyone feels there really will be a recession, more and more companies are going to go bust, and there won't be any rapid comeback from the housing slump.
<eof>
Best,
rmptr
Presented by that fellow, Ilargi.
...
A report from Royal Bank of Scotland, has said, "The Royal Bank of Scotland has advised clients to brace for a full-fledged crash in global stock and credit markets over the next three months as inflation paralizes the major central banks."
Credit analyst Bob Janjuah reckons the S&P 500 will fall by more than 300 points to around 1,050.
That's a more-than-20% fall - a proper bear market plunge.
Pretty dramatic.
So is this really likely, or is it all a nice bit of attention-grabbing doom-saying?
Well, while I'm not convinced that anyone can time the market to that kind of accuracy,
I think it's fair to say that prospects look a lot more grim than anyone's really accepting at the moment.
And that's, broadly speaking, the reason that Mr Janjuah thinks things will get worse - the dreadful sense of disappointment as everyone feels there really will be a recession, more and more companies are going to go bust, and there won't be any rapid comeback from the housing slump.
<eof>
Best,
rmptr
