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by HeyElliot from St. Louis

Last Post 18 hours Ago


Stock Market Crash Looming?
Jun 19, 2008 | 10:35 AM
Category: News
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In the world of extreme economic volatility that we're living in right now, warnings like the one from the Royal Bank of Scotland get people talking... and worrying.  The chief credit analyst from RBS says global stock markets are on the verge of a major crash, in some cases losing upwards of 30% of value.  It's one man's opinion, but it caught a lot of attention.

I've pasted an excerpt from the London Telegraph below, and if you'd like to read the full article, click here.

The Royal Bank of Scotland has advised clients to brace for a full-fledged crash in global stock and credit markets over the next three months as inflation paralyses the major central banks.

"A very nasty period is soon to be upon us - be prepared," said Bob Janjuah, the bank's credit strategist.

A report by the bank's research team warns that the S&P 500 index of Wall Street equities is likely to fall by more than 300 points to around 1050 by September as "all the chickens come home to roost" from the excesses of the global boom, with contagion spreading across Europe and emerging markets.

 RBS issues global stock and credit crash alertRBS warning: Be prepared for a 'nasty' period

Such a slide on world bourses would amount to one of the worst bear markets over the last century.


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Member Comments Total Comments: 10
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miamiman read my blog
Jun 19, 2008 | 10:55 AM

or the submerging markets
babylove read my blog view my photos
Jun 19, 2008 | 11:58 AM

i honestly don't see how anyone would be either shocked or surprised,the top 2 % must have forgotten that when they totally cripple the economy(upper,middle,and lower middle class),people will stop buying the things that the "elite rich"make & manufacture in their factories,etc.THEN what will happen???
jeepers4559 read my blog view my photos
Jun 19, 2008 | 8:17 PM

I don't see a 'crash' but I do see a 'correction' eventually.

What goes up, must come down. What is overinflated monetarily, eventually corrects. Laws of life.

Will we take a hit? Sure. Will we be selling apples on street corners? Hardly. Is this prediction accurate? Wait until September. Might be a bubble, might be a burp. Could be nothing at all. Who knows.

Stock market is all about reasonable conservative investments over the long term. Anything else is like going to a casino. JMO
jeepers4559 read my blog view my photos
Jun 19, 2008 | 8:18 PM

Btw, babylove, Elliot is referring to global markets, not the US economy.
babylove read my blog view my photos
Jun 20, 2008 | 5:53 AM

but woulden't that affect our economy eventually?
jeepers4559 read my blog view my photos
Jun 20, 2008 | 8:23 AM

Sure it will.

But there are a lot more people in the world than us and that is my point. We're not the only players in the global market. Not by a long shot. We have influence but we're not in control.
SikUvTheRite read my blog
Jun 20, 2008 | 9:43 AM

It may happen TODAY! The DOW dipped below 12,000 this morning for the first time since, well, I can't remember!

I remember on the way up how 12,000 was a significant number, statistically.

It may be significant on the way down, now.

But that's what happens when workers both here and throughout the world cave in to the privileged, rich trash and allow them to take control of our governments, all our resources, and our very lives.

The ultra-conservative movement has not only severely damaged the working-class lifestyle here in America, but throughout an increasingly more conservatively run Europe.

Many Europeans are even falling for the old trick of putting phony moral issues ahead of their own financial interests, electing leaders who steal from the working folks and give to the rich because they promise to crack down on _____________ (fill in moral issue of your choice, some being: abortion, drugs, sex, immigration, religion, prayer, etc.)

Man, am I going to be glad when this conservative thing blow over! The pendulum of social movement is ready to start swinging the other way, we can all only hope.
jsage read my blog
Jun 20, 2008 | 12:40 PM

The S&P is up over 75% since 02 so a 30% drop would be a 45% gain since 02. What did you CD pay during that time.
MIKE-FROM-IL read my blog view my photos
Jun 20, 2008 | 9:09 PM

Without a doubt something is going to crash. My grandfather used to say that "water levels itself" and so will the econmy. However that was in 1960. I don't think if he was alive today he would say the same thing. With all the greedy Americans. As well as all the immigrants moving here from other countries, that really never liked us. One really has to question why are they coming here? I was looking at real estate in Missoula, MT. Houses that go for $100.000 here go for $200,00 there. Do they really have a economy that can support those kinds of houses? Most of America is this way, not just Missoula. Something is going to crash.
Truth23 read my blog view my photos
Jun 21, 2008 | 1:33 AM

The stock market is going to go up and down. Why investors have to run to sell everything off the minute there is a negative report in the news is illogical. The stock market is an investment. Many stocks are invested in for long term growth. You only lose if you sell that stock at a lower price than you purchased it. Granted if a company is really in financial trouble, yes time to get out. However, if it is a good strong company with good returns and reports, why sell it. Then when you do sell it, where are you going to put your money. The interest rates are so low that bonds and certificates of deposit are not yielding much of anything. A simple savings account earns the lowest interest. I am praying that with the end of summer the political picture improves and people feel safer making solid investments in all the markets. It truly is time for a big change that will boost confidence among investors.
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HeyElliot

Hey--It's Hey Elliot, FOX 2's Consumer Reporter, also known as Elliot Weiler. Great to be online on MyFOXSTL. A blogging we will go, hopefully together! You'll hear from me, of course, but I really want to hear from you!

Member Since: 9/13/2006


 

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