SocGen Joins Bear Camp, Issues Warning To Clients

[cieldumort]

Telegraph UK:
Société Générale tells clients how to prepare for potential 'global collapse'
Société Générale has advised clients to be ready for a possible"global economic collapse"
over the next two years, mapping a strategy of defensive investments to avoid wealth destruction.
In a report entitled "Worst-case debt scenario", the bank's

Comments

[sophiaserpentia]

Wall Street is playing Russian Roulette at this point. Okay, not just Russian Roulette, but "double or nothing, I pull the trigger again," over and over. Their remarkable profits last quarter were obtained by shorting the dollar. P/E is through the roof, which tells me no one actually cares about the stocks they're holding, they're all poker chips at this point. As soon as the dollar actually starts gaining value again, anyone left in the market is going to be slaughtered.

Hrm, I should have opted out of paying into my 401K during open enrollment last month. Tsk.

[cieldumort]

Bubble, bubble, toil...

[debthelp3]

I'm afraid we are in for more bad times....

Debt Help AZ