RBS said "Sell Everything" In January 2016
On 11 January 2016 RBS had called to sell off everything.
RBS advised their clients the following:
“China has set off a major correction and it is going to snowball. Equities and credit have become very dangerous, and we have hardly even begun to retrace the 'Goldlocks love-in' of the last two years,”.
The full detail is in the link below:
https://www.google.com.sg/amp/s/amp.businessinsider.com/rbs-sell-everything-2016-1?client=ms-android-oppo
At that time, this had triggered a lot of fears to investors.
Below are the prices of stock indices on 11Jan16 compared to latest's closing price:
11Jan16: S&P500 1926.12
2Dec16: S&P500 2191.95
Up 13.80%
11Jan16: STI Index 2725.10
2Dec16: STI Index 2919.37
Up 7.13%
Investors who had followed the advice of RBS to sell off everything will miss out on the whole year's rally.
Time and time again, there will be analysts who make extreme bearish call on the market, because such forecast attracts huge attention. And when their bearish view is right, they become famous.
RBS advised their clients the following:
“China has set off a major correction and it is going to snowball. Equities and credit have become very dangerous, and we have hardly even begun to retrace the 'Goldlocks love-in' of the last two years,”.
The full detail is in the link below:
https://www.google.com.sg/amp/s/amp.businessinsider.com/rbs-sell-everything-2016-1?client=ms-android-oppo
At that time, this had triggered a lot of fears to investors.
Below are the prices of stock indices on 11Jan16 compared to latest's closing price:
11Jan16: S&P500 1926.12
2Dec16: S&P500 2191.95
Up 13.80%
11Jan16: STI Index 2725.10
2Dec16: STI Index 2919.37
Up 7.13%
Investors who had followed the advice of RBS to sell off everything will miss out on the whole year's rally.
Time and time again, there will be analysts who make extreme bearish call on the market, because such forecast attracts huge attention. And when their bearish view is right, they become famous.
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