In February I did a simulation of the market. And if you look at how I predicted things, it has turned out to be pretty much on the money. My tops and bottoms are not completely right in terms of values, but pretty close. Closer than I expected.
Along comes RBS and says the following.
A credit strategist from the Royal Bank of Scotland warned investors in a note that the S&P 500 may fall by more than 300 points by September and that iTraxx index of high-grade corporate bonds could soar, according to a report in the Daily Telegraph newspaper. “Cash is the key safe haven. This is about not losing your money, and not losing your job,” the RBS strategist, Bob Janjuah, was quoted as saying.
1 comment Wednesday, Jun. 18, 2008
by Christian
