News Oil could sink to $16 a barrel... Hope your money is in a mattress

Discussion in 'The Howard Stern Show' started by chapped, Jan 12, 2016.

  1. chapped

    chapped Well-Known Member

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    Morgan Stanley warned this week that oil could touch $20 a barrel. RBS says if it falls below $30, then $16 is on the horizon.


    "Sell everything."
    That harrowing advice is from The Royal Bank of Scotland, which has warned of a "cataclysmic year" ahead for markets and advised clients to head for the exit. Do not wait. Do not pass go.

    "Sell everything except high quality bonds," warned Andrew Roberts in a note this week.

    He said the bank's red flags for 2016 -- falling oil, volatility in China, shrinking world trade, rising debt, weak corporate loans and deflation -- had all been seen in just the first week of trading.

    "We think investors should be afraid," he said.


    Morgan Stanley warned this week that oil could touch $20 a barrel. RBS says if it falls below $30, then $16 is on the horizon.

    The world is in a global recession, Roberts wrote. This terrible cocktail means investors should now be thinking about getting a "return of capital, not return on capital."

    RBS compares the market mood with that of 2008 before the collapse of Lehman Brothers and the start of the global financial crisis.

    At least then, emerging markets were there to save the world from complete collapse.

    China cannot this time around, let alone any other big emerging market. RBS remains "deeply skeptical" that Chinese authorities can right the ship any time soon. It warns that without allowing a massive devaluation of its currency -- around 20% -- China can be of no help.

    RBS believes China suffered a massive outflow of capital in December -- perhaps as much as $170 billion - with much of that money going straight into the dollar. A chart showing Chinese outflows in 2015 is "surely now the most important chart in the world," concluded Roberts.


    http://money.cnn.com/2016/01/12/investing/markets-sell-everything-cataclysmic-year-rbs/index.html
     
  2. Keyless Chuck

    Keyless Chuck Barely a VIP

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    If it hits 16 bucks a barrel buy some stock, that shit will eventually gain in price again.
     
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  3. chapped

    chapped Well-Known Member

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    Had some when it was over $100... but yes seems logical to buy at $16...

    I might sell some action figures and my Darth Nylus costume
     
  4. The Booey

    The Booey Well-Known Member

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    Oh, please tell me that the politicians who created this mess will be safe from what did they did!

    Please tell me that!!
     
  5. Rockside7

    Rockside7 VIP Extreme Gold

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    Gas will still be $3 per gallon in Los Angeles.
     
  6. chapped

    chapped Well-Known Member

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    well no one really went to jail for the 2008 shit fest.....
     
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  7. chapped

    chapped Well-Known Member

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    they used the Saudi v Iran as an excuse.. meanwhile everyone else is paying close to a buck
     
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  8. Limo Wreck

    Limo Wreck Aboard the great mothership Staff Member

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    Is it too late in the thread for a "thanks Obama"? :nojj:
     
  9. Calloused Shins

    Calloused Shins Well-Known Member

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    Sell everything? Suckers sell. Buy everything....
     
  10. chapped

    chapped Well-Known Member

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    never
     
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  11. GaryPuppet

    GaryPuppet Well-Known Member

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    Get all your 50 gallons drums ready and line up and fill up!
     
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  12. Limo Wreck

    Limo Wreck Aboard the great mothership Staff Member

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    Second and third quarter "blends". :grad:
     
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  13. Robert Higgins

    Robert Higgins Well-Known Member VIP

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    Thanks Obama!


    CT prices 1/12/16
    Gasoline <$2/gal
    Home heating oil <$2/gal

    [​IMG]
     
  14. GaryPuppet

    GaryPuppet Well-Known Member

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    Get all your 50 gallons drums ready and line up and fill up!
     
  15. Keyless Chuck

    Keyless Chuck Barely a VIP

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    Only takes one world event and prices rise again. I know i will have an eye on it.
     
  16. CrucifiedAGT

    CrucifiedAGT He's Around VIP

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    Im going to go out on a limb and suggest that you have literally no idea how fuel prices work.
     
  17. Rockside7

    Rockside7 VIP Extreme Gold

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    A few weeks ago, oil went up $4 per barrel and of course, gas went up .50 cents a gallon.

    Then oil dropped $6 per barrel and of course, gas dropped .05 cents per gallon.
     
  18. Robert Higgins

    Robert Higgins Well-Known Member VIP

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    A) you are incorrect sir
    B) everyone blamed him when gas/HHO prices spiked.
     
  19. Skipnoid

    Skipnoid Lick Me!

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    upload_2016-1-12_11-6-47.png
     
  20. CrucifiedAGT

    CrucifiedAGT He's Around VIP

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    If you honestly think Dear Leader is the reason for fuel prices going up or down for anything length of time, I am very much correct.