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RBS issued a call for a 25% + decline in worldwide equity markets over the next three months. The problem with the report is that it is issued by a London-based analyst who has been right on so far with his predictions about the credit crisis and its impact. It is probably time to get very defensive.

 

Submitted: Jun 18, 2008    Views: 405    Comments: 1    Likes: 1   


View Article: http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/06/18/c...


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Comments Received:

Sam Cass
Sam_Cass

Sounds like more fear mongering.

"Such a slide on world bourses would amount to one of the worst bear markets over the last century."

He's referring to the 300 point drop he predicts in the S&P 500 later this year. The S&P 500 is at 1339 today so that represents a 22% decline. That's not great but hardly catastrophic. I believe the declines in 2001 were worse. The Nasdaq in 2001 lost over 50% of its market value.

Posted: Jun 18, 2008



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