A further update on that 'Sell Everything' call...

With just two months to go to assess the absurd forecast from RBS analyst Andrew Roberts at the start of the year to “sell everything”, it gives me little pleasure to note that his forecast continues to be humiliatingly wrong. If Roberts has any clients left, they would be reeling if they had taken his advise on a range of asset classes he said were a "sell" when in fact most have been rallying strongly… As has been the case for the bulk of the year, the only market where Roberts is ahead is the Nikkei which is down a piddling 0.2 per cent. Including that fall, the average rise in the 11 items that Roberts suggested should be sold, the gain so far is a marvelous 22.1 per cent. In the current era of low inflation and low interest rates, that’s about 6 years return in just 11 months. (VIEW LINK)