MarketWatch, Business Insider and the Royal Bank of Scotland all agree 2016 will be a devastating year for equities.
According to MarketWatch.com –
“It’s time to start the countdown to the crash of 2016. No, this is not a prediction of a minor correction. Plan on a 50% crash.”
“The United States is in the midst of an economic implosion that could make the Great Depression look like child’s play.”
According to BusinessInsider.com –
“A stock-market crash of 50% from the peak would not be a surprise. It would also not be the “worst-case scenario,” by any means. The “worst-case scenario,” which has actually been a common scenario over history, is that stocks would drop by, say 75% peak to trough.”
According to the Royal Bank of Scotland –
“Sell everything at beginning of cataclysmic year ahead.”