Royal Bank of Scotland tells investors “Sell everything”

More here:

http://www.theguardian.com/business/2016/jan/12/sell-everyth...

The most telling part of the advice is:

“Sell everything except high quality bonds. This is about return of capital, not return on capital. In a crowded hall, exit doors are small.”

Hahaha, in other words: "Please, customers, pay us commissions while you sell high and buy low." If you're diversified, with a long time horizon, even a "crash" just looks like "woohoo, cheap FTSE100 index funds!"