Chicken Little, or not, RBS warns of CRASH !

Quote from timscott:

I emailed the fed on numerous occasions before the rate cuts a few months ago.

Explaining how and why rate cuts would not help the banks and do nothing but spark massive inflation.

Anyone who has actually saved money over the last ten years has been punished for it - losing 1/2 of their real savings to the weak dollar.

Rate cuts have not helped the home owner piled under shit - as anything they have saved on avoiding high resets has been gobbled up by higher costs of living.

I asked that we simply let time heal the wound and take the pain. Banks and brokers are pushing lows, and now we have rampant higher inflation.

O h well I'm just one schmuck with a computer and decided to stop ranting - haven't emailed them in a while :D (it was getting ridiculous).

Makes for interesting times and trading anyway - I just feel bad for the people in my community - fishing economy getting destroyed by high fuel - and any of the poor saps who"bought and held" or seniors who were living off of savings and cd's.

Interesting - Greenspan studied bubbles in his schooling and with Greenie we got bubble after bubble after bubble.

Bernanke studied the Great Depression.
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You mean you haven't called Ben at home?? Try that first, he is just learning how to use a computer. Here's the number:

(866) 488-7386 (866-4-U-TREVOR)

Good Luck.
 
Quote from PAPA ROACH:

He'll start a new new new stock trad3r index, telling us all how much he knows about stocks and it is time to buy. He'll say "where is the fake recession, where is all the subprime......"
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Im sure he will, we have been in a recession for quite sometime, too bad so many talking heads continue to ignore the fact that were in one. They will acknowledge it though AFTER the FACT. AS ALWAYS.
 
Quote from Landis82:

And how does that correlate to you being LONG THE UYG ( from May 23rd in the $29 handle ) and claiming that it will be 40% higher 5 months from now?

http://www.elitetrader.com/vb/showthread.php?s=&postid=1943674&highlight=UYG#post1943674

UYG: $24.26 (-3.65%)

:confused:
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Actually $28.50 in my IRA and I have been trading in and out of it in my trading account, today im back in around $24.30.


I will add more shares at $23.00-$23.50 range in my IRA that will give an avg of about $25.75-$26.00.

UYG is yielding close to 4%. I know Im a bear, but UYG does tend to bounce 10-20% every few days. Just yesterday it was trading above $27.00.
 
Quote from Digs:

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/06/18/cnrbs118.xml

RBS issues global stock and credit crash alert

By Ambrose Evans-Pritchard


Last Updated: 11:44pm BST 17/06/2008



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 paralyses the major central banks.

"A very nasty period is soon to be upon us - be prepared," said Bob Janjuah, the bank's credit strategist.

A report by the bank's research team warns that the S&P 500 index of Wall Street equities is likely to fall by more than 300 points to around 1050 by September as "all the chickens come home to roost" from the excesses of the global boom, with contagion spreading across Europe and emerging markets.

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


RBS said the iTraxx index of high-grade corporate bonds could soar to 130/150 while the "Crossover" index of lower grade corporate bonds could reach 650/700 in a renewed bout of panic on the debt markets.


"I do not think I can be much blunter. If you have to be in credit, focus on quality, short durations, non-cyclical defensive names.

"Cash is the key safe haven. This is about not losing your money, and not losing your job," said Mr Janjuah, who became a City star after his grim warnings last year about the credit crisis proved all too accurate.

RBS expects Wall Street to rally a little further into early July before short-lived momentum from America's fiscal boost begins to fizzle out, and the delayed effects of the oil spike inflict their damage.

"Globalisation was always going to risk putting G7 bankers into a dangerous corner at some point. We have got to that point," he said.

US Federal Reserve and the European Central Bank both face a Hobson's choice as workers start to lose their jobs in earnest and lenders cut off credit.

The authorities cannot respond with easy money because oil and food costs continue to push headline inflation to levels that are unsettling the markets. "The ugly spoiler is that we may need to see much lower global growth in order to get lower inflation," he said.

"The Fed is in panic mode. The massive credibility chasms down which the Fed and maybe even the ECB will plummet when they fail to hike rates in the face of higher inflation will combine to give us a big sell-off in risky assets," he said.

Kit Jukes, RBS's head of debt markets, said Europe would not be immune. "Economic weakness is spreading and the latest data on consumer demand and confidence are dire. The ECB is hell-bent on raising rates.

"The political fall-out could be substantial as finance ministers from the weaker economies rail at the ECB. Wider spreads between the German Bunds and peripheral markets seem assured," he said.

Ultimately, the bank expects the oil price spike to subside as the more powerful force of debt deflation takes hold next year.
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movin to the country

gonna eat a lot of peaches
 
Quote from S2007S:

Actually $28.50 in my IRA and I have been trading in and out of it in my trading account, today im back in around $24.30.


I will add more shares at $23.00-$23.50 range in my IRA that will give an avg of about $25.75-$26.00.

UYG is yielding close to 4%. I know Im a bear, but UYG does tend to bounce 10-20% every few days. Just yesterday it was trading above $27.00.
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Blah, blah, blah.....
Averaging down one downtrend loser after another . . . You are such an ignorant FOOL.
:D
 
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