Royal Bank of Scotland to investors: 'Sell everything'

So I'm supposed to equate the possibility that some unspecified pension funds and insurance companies could face trouble if interest rates remain low with the human carnage that would have resulted in 2009 without intervention?

 

Considering Trump will have more control on the red button than the American economy, Social Security is the least of my worries.

 

Since the RBS warning turns a year old over the weekend, this headline seems appropriate.

Dow comes within 1 point of 20,000; indexes at records

 

Investors shittin' their pants over the incoming administration ...

 

The Dow was like 700 when Reagan was president. What a fucking looser.

 

Flashback Friday to this post from March 1, 2016.

S&P at 2,343 as of this writing.

It closed at 1,978 on the day of this post. It has never gone below that level since.

 

But it will eventually go down. And when it does, Ragu will have been right all along.

 

I wish you'd quit playing this game of gotcha with Rags. Don't you know how little you know about this? Sure, he's been wrong, consistently, but what does that tell you?

 

I feel like an idiot for basically getting out of the market when the Dow was about 17,800.

But I guess I'd feel like more of one had I not gotten out and it tanked to 11,000 or something.

 

Don't forget what the original Baron de Rothschild described as the secret of his success. "I always got out too soon."

 

Good way to avoid kids too.

 

Bulls make money. Bears make money. Pigs get slaughtered. By getting out too soon, you avoid piggery.