David Tice predicts 50% US stock drop
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David Tice Sees More `Big Writedowns' by Financial Firms: Video
Nov. 20 (Bloomberg) -- David Tice, who manages the $800 million Prudent Bear Fund, talks with Bloomberg's Brian Sullivan from Dallas about the likelihood for additional investor losses and writedowns by financial companies because of the subprime mortgage crisis, Tice's investment strategy and the outlook for equities. (Source: Bloomberg)
00:00 Prudent Bear Fund as "hedge for investors"
01:00 Valuation of financial stocks; Citigroup
01:52 Outlook for "big writedowns of book value"
02:51 "A train wreck has occurred out there."
03:49 Investment strategy and industry shorts
05:57 Likely slowdown for technology stocks
07:42 "Most stocks are going to go down."
08:37 Gold, silver and mining companies
Running time 09:10
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aI9uHxEP4kDo
Nov. 20 (Bloomberg) -- David Tice, who manages the $800 million Prudent Bear Fund, talks with Bloomberg's Brian Sullivan from Dallas about the likelihood for additional investor losses and writedowns by financial companies because of the subprime mortgage crisis, Tice's investment strategy and the outlook for equities. (Source: Bloomberg)
00:00 Prudent Bear Fund as "hedge for investors"
01:00 Valuation of financial stocks; Citigroup
01:52 Outlook for "big writedowns of book value"
02:51 "A train wreck has occurred out there."
03:49 Investment strategy and industry shorts
05:57 Likely slowdown for technology stocks
07:42 "Most stocks are going to go down."
08:37 Gold, silver and mining companies
Running time 09:10
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aI9uHxEP4kDo
Problem with these guys is , even if they are right at some point , they cry wolf too often.
They were calling for $2000 gold in the 70's.
If it gets there 40 years later, do you congratulate them?
You can only call for the end of the world a few times before you become a doomsayer.
I have never called for the end, so watch carefully. I am rarely wrong.
They were calling for $2000 gold in the 70's.
If it gets there 40 years later, do you congratulate them?
You can only call for the end of the world a few times before you become a doomsayer.
I have never called for the end, so watch carefully. I am rarely wrong.
I still remember Michael Metz from OPCO calling for 10 of the last 1 recessions on a weekly basis.
Then of course there is always "GoGo Garzarelli".