David Tice predicts 50% US stock drop

[a529612]

Surprise?

March 9 (Bloomberg) -- David Tice, whose bet against U.S. stocks the past four years punished his Prudent Bear Fund, says the market is headed for a drop of as much as 50 percent.

``People ask me, `Doesn't it get lonely out there? Don't you feel like you're wrong?''' Tice said. ``It doesn't. I feel very, very comfortable going to sleep at night knowing we're going to be right.''

http://www.bloomberg.com/apps/news?pid=20601103&sid=aw8fu_i_jWek&refer=us

 

[Businessman]

Doubt if the S&P will go anywhere near 730.

However the PE ratio on the S&P could drop by 50% over the next 10 years, even if stock prices go up.

 

[KS96]

clowns

 

[KS96]

unbelievable that this loser is managing other people's money... and he isn't the only one...

``We know we're going to lose money when the market goes up,'' Tice said. The fund exists as a way for investors to make a bearish bet against stocks whenever they choose, he added.

What a BS statement! What's his job then?

 

[Scalper007]

________________________________
Tice and Arnott are at odds with all 15 Wall Street strategists tracked by Bloomberg News, who stuck with their forecasts that the S&P 500 will advance in 2007 even after last week's tumble. The group includes advisers from Citigroup Inc., Goldman Sachs Group Inc. and Merrill Lynch & Co.

________________________________

There is a warning sign. The bullshit brokers holding onto their estimates is scary. These are the same brokers who held onto their $300 and $500 targets in 2000 while the tech stocks crashed...

I also remember Shitman sachs making a $150 target on oil right at the top.

Yea, just get the public excited and then dump it on them...fuckin devils

 

[KS96]

Quote from Scalper007:

I also remember Shitman sachs making a $150 target on oil right at the top.

It was rather Shitman Sucks...if I recall correctly.

This loser Tice is wrong for 4-5 years, and just
because of an 1 day drop he is now a hero?!?!
Those articles about those losers
and their predictions are absolutely crap.
Articles about Shitman Sucks and their targets
are also crap.

 

[makloda]

``We see the first crack,'' said Tice, 52, whose Dallas- based Prudent Bear Fund is always positioned for a decline. ``I've never been more confident in our economic theories.''

 

[Businessman]

I wonder if he hasnt been misquoted.

In the article he quotes one stock GM, which might fall from $31 to 15. A 50%+ drop.

If there is 10 to 20% correction in the broad market, then yes there will be many individual stocks that are down 50%+.

 

[austinp]

Tice is bearish now? When did that happen?

 

[phil1424]

"It was rather Shitman Sucks...if I recall correctly. "

you mean those reptialbe intregity abound
gldman ballsacks? LOL

there my heros