RBS uber-bear issues fresh alert on global stock markets. Three-month slide could hit record lows, Royal Bank of Scotland chief credit strategist Bob Janjuah predicts.
Britain's Uber-bear is growling again. After predicting a torrid "relief rally" over the early summer, Bob Janjuah at Royal Bank of Scotland is advising clients to take profits in global equity and commodity markets and prepare for another storm as winter nears. "We are now in the middle of a parabolic spike up," he said in his latest confidential note to clients.
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