Just how bad is the market going to get? Depends on who you ask.
In mid-January, a group of Royal Bank of Scotland economists urged the bank’s clients to sell most of their assets before the exit doors get crowded. On the relatively sunnier side, Schwab strategist Liz Ann Sonders says we have merely reached a lull in a secular bull market — a “non-recession bear” at worst.
And the view can vary — at least temporarily — depending on when you look. As Dan Egan, Betterment’s head of behavioral finance, pointed out in a tweet, sometimes the market’s direction makes wild swings and even the headlines on real-time financial news sites can’t keep up.
Meanwhile, Josh Brown’s world is looking a little apocalyptic, Wu-Tang Financial makes a presidential endorsement, and small children ask Federal Reserve Board Janet Yellen not to raise rates.
What Your Peers Are Reading
On General Economic Topics:
My new favorite thing is when markets move so quick that news headlines beside them seem to not make sense anymore. pic.twitter.com/U08nYCxDhU
— Daniel Egan (@daniel_egan) January 22, 2016
Everywhere you look there are piles of money on fire. Political donations, venture funding, shale energy bonds, defended currency pegs…
— Downtown Josh Brown (@ReformedBroker) January 28, 2016
“I’ve got the craziest sell side forecast.”
“No, I can top that.”
“Somebody please look at me!” pic.twitter.com/a0JtyeUtZG
— Ben Carlson (@awealthofcs) January 13, 2016
Iran so far away..Iran all night and day. I couldn’t get away.