If you own stocks, you may want to start paying attention to what is happening in the global economy. Start paying attention to what’s happening in the global financial markets. $10/barrel for oil? Yup. A $0.60 dollar? A $0.50 dollar? Lower? Don’t count out any possibility. We are in a financial environment never seen before…ever.
Be prepared. Its all you can do.
Sell everything!’ Dire warning from Royal Bank of Scotland as fears mount that markets are set for new crash and oil could plunge to $10 a barrel
- RBS tells investors ‘In a crowded hall, exit doors are small. Risks are high’
- Mass sell-off could be as severe as the 2008 market meltdown, bank says
- Oil price drop could see petrol fall to 86p a litre, says RAC
RBS urged investors to sell everything amid warnings that oil prices could fall to the lowest level in 17 years which may spark a meltdown as severe as the 2008 financial crisis.
The bank told investors stock markets could fall 20 per cent this year as it urged them to sell with a stark warning, saying: ‘In a crowded hall, exit doors are small. Risks are high.
The chilling warning came as oil prices fell to $30 a barrel for the first time since 2004 – but Standard Chartered said it might yet fall to as low as $10, not seen since 1998.
It would be a devastating blow for the North Sea oil industry already reeling from the slump in prices over the past 18 months, which have led pump prices to fall to around a pound a litre.
The horrifying warnings follow a torrid start to the year on financial markets, with billions of pounds wiped off stocks in the UK and elsewhere. – Daily Mail
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