David Tice — the chief investment officer at the $150 million Ranger Active Bear Fund, which makes money by shorting stocks — believes we're currently in the midst of a full-fledged economic depression.
Tice also harbors a bearish stock outlook. He was expecting the latest market rally because of what technical indicators were signaling, but doesn't think it has staying power. "I believe we will retest lows. I believe we will break through lows. I believe that we have a depression on our hands," he said on the "Tice's pessimistic view is perhaps unsurprising, given the fact that his fund makes money by selectively shorting stocks. But his outlook goes well beyond selective short-selling opportunities. He's worried about the economy and financial markets as a whole.
For context, Fibonacci retracement levels are commonly used technical analysis indicators that attempt to pinpoint levels of support and resistance between price points. They're also used to forecast subsequent moves based on how an index responds to meeting these key thresholds.
This clown is short the market obviously. Why would he say anything else? The fed will risk bananas costing $50 before they let the stock market go down.
Most don’t realize there’s a famine coming also... plant a garden folks. Learn to preserve that food for the coming days. It’s going to be a cold winter.
Can’t read the whole article but was able to notice the name: David Tice 🤣🤣🤣 His old bear fund used to lose money during bear markets. How much trust should you put in this so called CIO? Click bait and waste of time.
Just another guess at the future. Next.
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Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »