SocGen: Value Is Easier To Find But Prepare For Declines

Value Is Easier To Find But Prepare For Declines After RBS’s dismal warning that investors should sell everything ahead of a market meltdown, and then Albert Edwards’ (the outspoken and often negative global asset research analyst for Société Générale) concerning prediction that the US will drag the world back into a financial crisis, Société Générale’s Global Quantitative Research has issued yet another bearish research note this week calling for a 50% decline in global equity prices. [klarman] Turbulence ahead Unlike Albert Edwards’ and RBS’s warning, Société Générale’s Global Quantitative Research team hasn’t picked out one major catalyst that will drag the markets lower….