With the S&P 500 once again hitting new all-time highs on Thursday, investors are feeling pretty good about their stock portfolios. Perhaps that’s why Pension Partners, Charlie Bilello took to Twitter to have some fun at Royal Bank of Scotland Group PLC RBS 2.64% analyst Andre Roberts’ expense.
Back on January 8, Roberts published a note urging investors to “sell everything” other than high-quality bonds.
“We think investors should be afraid that the ominous outlook for the world in our Year Ahead has been borne out over the past six weeks,” Roberts wrote in January.
“We have been warning in past weeklies that this all looks similar to 2008.”
As Bilello pointed out, Roberts call was poorly timed, in spectacular fashion.
Since January 8, these are some of the returns investors have enjoyed:
- SPDR S&P 500 ETF Trust SPY 0.27% up 12.6 percent
- United States Oil Fund LP (ETF) USO 1.55% up 10.6 percent
- iShares iBoxx $ High Yid Corp Bond (ETF) HYG 0.34% up …
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