According to Tice, easy monetary and fiscal policies that support money printing will also sting Wall Street.Tice is known for running the Prudent Bear Fund before selling to Federated in 2008, just as the financial crisis was unfolding., Tice has spent much of his career making bearish bets during bull markets. His current fund, which is also designed to profit from underperformance, has been under pressure. It's down 32% in the last three months.
In his latest warning, Tice contends the problems are piling higher. He also cites an overvalued market and"The vaccine is not really a panacea," he added. "We've seen a lot of optimism about that, but there are new strains of the virus, and there is certainly risk going forward.""I've seen bear markets approach, and people have called me a perma bear," he said.
"Markets tend to get extended," he said. "But when it breaks, it's likely to break hard and cause investors to suffer for a long time.", which up more than 25% since the March 23 stock market bottom, as a top asset for investors. "Gold is dramatically under-owned by individuals and portfolio managers," he noted. "Gold stocks are incredibly cheap.""I don't think that bitcoin can be ignored," Tice said. "We have seen the price of bitcoin go from $10,000 to $40,000 which I think is foreshadowing potentially what might happen in gold."Disclosure: David Tice owns
TradingNation Eish🤦🤦🤦🙈🙈🙈😳🙏🙌🙏🙌🙏🙌
TradingNation AdityaModak6 Vallabh_J A_Burglar isko ghee shakkar bheje kya? 😄
TradingNation Propagandalf. piss off
TradingNation Then climb back 45% by end of the trading week.
TradingNation Of course it will, that’s normal. But if you’re buying great companies and holding them for the long-term, then it doesn’t matter.
TradingNation First premise was the new minimum wage at $15 is anti capitalistic (so everyone is bearish on markets for ~2 years)
TradingNation Takes 10 seconds to verify how full of shit he is... Happy investing!
TradingNation The guy runs the bear fund $HDGE. It has been losing since 2011 - down around 90%. Maybe this is coloring his opinion. david_dtice
TradingNation Correction yes but 30% yeah right
TradingNation Really 30%? More like rise another 30% how can trolls like this even manage money. Come on cnbc stop wasting viewers time on reporting news like this
TradingNation Honestly why even report this? There’s clearly an underlying reason for his claims
TradingNation Lol. 30%? Many stocks are up 500%
TradingNation And then go right back up...
TradingNation Never ever listen to any investing opinion pieces. It is always a frustrated bear whose shorts never printed. Remember $GME and the great awakening.
TradingNation There is only ONE the most important thing you need to know about StockMarket - WE ARE IN THE BIGGEST STOCKMARKET BUBBLE IN HISTORY!!! 190% Ratio of StockMarket CAP to GDP!!! SIGNIFICANTLY OVERVALUED!!! DON'T LOSE YOUR MONEY!!!
TradingNation It’s so easy to be contrarian.
TradingNation Guys like this scream bear market for 30 years and when it finally happens, they say “I told you so”
TradingNation Merry men to the rescue. I have powder on the side. Please draw down so I can buy back in
TradingNation If he’s right he’ll be a genius, if he’s wrong his prediction will be forgotten.
TradingNation This guy predicted back in August 2014 the S&P 500 was going to fall up to 60%. It’s doubled since then...his ability to predict the future is as good as my pet cobra
TradingNation He said 50 percent last year do this is bullish for him
TradingNation Is it news when someone who is always a bear says there is going to be a downturn? This is a silly story.
TradingNation A week ago they said stay invested because the market is going up. Lol. Institutions win and retail loses. Same ole story.
TradingNation Cash and my list of stocks ready bring it.
TradingNation I also believe we'll see a downturn. Partly for the reasons stated in the article and partly because we're overvalued now and due for a 20% correction.
TradingNation The Prudent Bear legend. Great article.
TradingNation I only trust Kathy Wood Ark Investment. 90%% following her comments and it’s only January. Plenty if profit to buy on the DIP.
TradingNation As long as there is money, it will keep going.
TradingNation
TradingNation 🙄🙄 the last time the market dropped it was due to a once in a 100 year pandemic. Since this guy makes bets that the market will go down, of course he will push a bear market since it benefits him.
TradingNation Why do people keep investing with him if he keeps losing money?
TradingNation Money printer go Brrr and interest rates are zero. Don’t see a big drop coming.
TradingNation Now as an advisor to the AdvisorShares Ranger Equity Bear ETF, Tice has spent much of his career making bearish bets during bull markets. His current fund, which is also designed to profit from underperformance, has been under pressure. It’s down 32% in the last three months.
TradingNation Fear monger
TradingNation David Tice's own fund is down 32% in the last three months. He is about to go bankrupt!!!
TradingNation I say 60percent
TradingNation Same guy that said sell last June. What a genius
TradingNation I bet Tice plays the Don’t Pass Line.
TradingNation wallstreetbets SeekingAlpha TheStreet barronsonline TMFStockAdvisor business RobinhoodApp S&P 500 - US Stock Market 2021 Outlook | Timing and Price Projections | Cycle & Technical Analysis
TradingNation Long time bear David Tice is wrong for the last 20 years.
TradingNation Why did you print his inaccurate quote that the minimum wage was raised ? It was raised for federal contractors which I assume already mostly pay in excess of $15/hr for the majority of things.
TradingNation Bears trying to come out of hibernation early 😅😅
TradingNation I’ll take the over
TradingNation He lost 32% over the past few months looser
TradingNation 🌈🐻
TradingNation LOL 😂
TradingNation so, big perma bear sold his biz just before the biggest crash of this lifetime, lol. classic
TradingNation Of course he’s going to say that when he’s shorting the market. The wage increase was for federal employees.
TradingNation Hey Tice, please advise your annual returns for the last 10 years. We’d all like to know.
TradingNation I don’t even understand the Bear mentality. If the market dips, I just buy more. I’m not in it for the get rich quick. I’m in it for the next 30 years.
TradingNation Let’s hope so. I have some cash I need to put to work.
TradingNation Stocks will climb at least 30% in a drawn-out bull market investor Gord D says.
TradingNation I believe in fundstrat ! Tom is the man!
TradingNation This is why stocks popped after the election. Stop trying to scare people.
TradingNation Good let’s go I took out my profits and I’m ready to buy the dip
TradingNation 'Long-time bear David Tice has new warning for investors.' This fool has been pitching this for years and in doing so has lost an unfathomable amount of market share!
TradingNation If paying people a living wage is considered anti-capitalist, then it might be time to rethink our policies.
TradingNation
TradingNation $GME to the moon! 🚀
TradingNation Not likely, Jerome would never let even a 2-3% correction in equity markets. The Feds mandate has been redesigned to only create and support assett bubbles.
TradingNation Predicts the angry perma bear!
TradingNation Tice hopes you all believe him so that he can short the market and make a lot of money.
TradingNation He’s a world famous bear and he doesn’t even know what D.C. is going to do with business because not a thing has been announced aside from a plethora of assistance. I’d toss that mans report aside and handle the frothy market with caution but no, 30% no maybe 10-15% over a year
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TradingNation Tell them to short. 😂😂😂
TradingNation Bahaha.... Keep putting out those bears and watch the market climb this silly wall of worry. As long as they're going to print $4+ Trillion this year, this market's gonna pump.
TradingNation Again with this bullshit ?