Royal Bank of Scotland to investors: 'Sell everything'

Not my fault!
[/imdebtfree!!!!]

Global debt hits all-time high of $184,000,000,000,000

 

I thought Peter Schiff was the guy who had the hit with "Major Tom (Coming Home)"

Peter Schiff says we’re not in a bear market, ‘we’re in a house of cards that the Fed built’

 

Now here’s a downturn I can believe Ragu has been experiencing for 10 years. It would explain the ultra-tight winding and the zero humor.

What’s Causing the Sex Recession? - The Atlantic

 

Market is up a little to start the day.

 

Short-lived celebration.

 

Oh, no. Look out below!

After a nearly 1,300 point gain, it's down 80.

 

It's down from last Friday.

But celebrate your 1,300-point gain that wasn't the reason you posted to begin with.

 

This week on the stock market is like the old joke about the guy who goes to the races, bets $2 on the first race, wins, starts doubling up and wins like eight times in a tow. Last race, he's got a hundred grand on a 20-1 shot, and it loses by a nose. Goes home, wife asks how he did, and he says, "Ahh, I lost two dollars." A lot of wild swings adding up to a relatively modest gain or loss, depending on how today finishes.

 

Yeah the markets had a good week! The Dow is down 6.6 percent for the year but hey it's had a good three days! Nevermind being down 13 percent since October plus 70 points today!

 

My portfolio is about $400-$600 off its highs.

I'm only 8.5 percent in stocks these days. Let the fucker drop to 12,000 for all I care. Then I'll buy the canyon.

 

Peter Schiff, a stock broker with a podcast. Par for the course?