To: Real Man who wrote (9075 ) 6/18/2008 9:58:18 AM From: LTK007 Respond to of 71475 RBS is calling for a MAJOR DECLINE in stocks between Mid-July into October. It seems one of giant banks has decided to come clean and frankly state we are in a disaster that is no way over, where most all others are trying hide it. And Bernanke has become a candidate for psychiatric evaluation:) My Broker just saw on his in house RBC news items, that RBS is calling SPX drop of 300 points from present levels by October---that come to 1050 area---hmmmmm:) GONE1001(this isn't Max, it is just his echo:) This another post i just made: *********************************************************** CG just caught journalist on Bloomberg saying RBS has predicted a CRASH in the the stock market for THIS year. So i wenmt to find the most recent printed article on Bloomberd with RBS as search term. Here it is:(it does not include the CRASH word, but the live broadcasted reported states "RBS have called a imminent CRASH in stock markets") Stocks, Debt Yet to Face Worst of Sell-Off, RBS's Janjuah Says By Alexis Xydias June 18 (Bloomberg) -- Stock and credit markets still face the worst of the slump that started almost eight months ago, according to a Royal Bank of Scotland Group Plc strategist. An economic slowdown and inflation have put central bankers ``into a dangerous corner'' where the chance of a ``major policy error has just super-spiked,'' Bob Janjuah, a credit strategist at Royal Bank in London, wrote in a report dated June 11. A potential rally in equity indexes between late June and early July ``will be the significant opportunity this year to get short stocks,'' he wrote. The MSCI World Index has lost 13 percent since a record in October as bank writedowns stemming from the credit turmoil approach $400 billion. The index is down 4.1 percent this month after the Federal Reserve and the European Central Bank policy makers indicated interest rates may need to increase as the threat of inflation intensifies. ``Mid-July through to October is likely to be the most bearish period we will experience in the bear market that began in the fourth quarter of last year,'' Janjuah wrote. The Standard & Poor's 500 Index, a measure for U.S. stocks, may fall to 1,050 in the sell-off, a 22 percent decline from current levels, Janjuah wrote. The benchmark is down 14 percent since Oct. 9. In a short sale, investors and traders borrow stock to sell it, on expectations prices will fall. The Markit iTraxx Crossover Index, a measure that tracks the cost of protecting European corporate bonds from defaults, may climb to as high as 700 basis points, from about 472 at the end of last week, the note said. The index peaked at 653 in March, according to JPMorgan Chase & Co. To contact the reporter on this story: Alexis Xydias in London at axydias@bloomberg.net. Last Updated: June 18, 2008 08:23 EDT