"Het ergste van de eurozone crisis ligt nog voor ons." Daarvoor waarschuwt Bob 'the Bear' Janjuah van het Japanse Nomura Securities. Janjuah gaat specifieke voorspellingen niet uit de weg, zoals een 'harde default' van Griekenland in maart van dit jaar en een S&P index die onder de 1.000 punten duikt. "Deze rally loopt op z’n laatste benen, het jaar van de draak komt eraan!"
Enkele quotes,
opgetekend door FT Alphaville
I think Q1 is going to be extremely bearish for risk, for equities, for the periphery, for the euro, for credit spreads, etc. The real pain may only be seen in March, when I expect the hard Greece default to happen. In Q1 I expect the S&P will trade down to/below 1000, and core US, UK and German government Bond yields will be closer to 1.5% than 2%.
‘The year of the dragon’
Apologies to all for not telling you anything new or very different. One day, when we collectively abandon the neo-communist experiment in the West that relies on more debt and printing money in order to maintain the status quo, then I will hopefully have a different and far more positive view of the years ahead. I look forward to this time. But for now, expect more of the same as in 2011. And I know it‟s a few weeks early, but as I am unlikely to write anything for at least a month, Kung Hei Fat Choi. The year of the dragon will soon be upon us.
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Fitch's head of sovereign ratings David Riley says Tuesday the agency will give its verdict on several countries by the end of January. Fitch currently has Italy, Spain, Belgium, Ireland, Slovenia and Cyprus on so-called "ratings watch negative." (...) "The future of the euro will be decided at the gates of Rome," says Riley.