3 ms·
It's not remotely the same thing. Goldman Sachs and Lehman were protecting their bottom line. RBS is making this announcement as a public service - They have no
by icey 18y ago
It's not remotely the same thing. Goldman Sachs and Lehman were protecting their bottom line. RBS is making this announcement as a public service - They have nothing to gain from this at all.
- steveplace 18y agoReally? "A very nasty period is soon to be upon us - be prepared," said Bob Janjuah, the bank's credit strategist. The guy is an investment banker. He is placing directional exposure to the downside of the market. He has plenty to gain from it (as do I). Reports by analysts are by no means a public service. And your original question ("What should normal people do"): you can reduce your market exposure by reducing your directional bias (delta) against your market weighted (beta) portfolio. So buy puts, sell calls, sell OTM credit spreads, buy {SDS, QID, GLD, DUG, DXD} or something like that.
- icey 18y agoHmmm, on re-read, it would appear you are right. I stand corrected.