In just the first few weeks of 2016, we have seen that the markets, spurred on by the volatility in China, have been experiencing their worst record ever for performance in the beginning of a year. Uncertainty over the price of oil, Chinese currency manipulation, severe weather events, global terrorism and unrest, along with other factors has many financial soothsayers calling for an exceedingly turbulent year ahead.
In fact, it was only two weeks ago that analysts with the Royal Bank of Scotland urged their investors to ‘sell, sell, sell’ ahead of what they believe will be the next major market meltdown that will mirror, or be even more devastating, than the crash of 2008. As noted in the Guardian, RBS investors believe 2016 will be a ‘cataclysmic’ year, financially speaking.
RBS sent a note to each of their investors in which they stated, “Sell everything except high quality bonds. This is about return of capital, not return on capital. [emphasis added] In a crowded hall, exit doors are small.”
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