David Tice predicts S&P down 40% in 12 months

A

a529612

It's tough to be a bear in this market...


Not all investors are convinced the rally will last. David Tice, who runs the $786 million Prudent Bear Fund, said stocks are poised to fall on slower U.S. economic growth and a tightening credit market. The S&P 500 may drop at least 40 percent in the next 12 months, he said.

``There were massive write-downs here at Citi,'' said Tice. ``We've impaired confidence in Wall Street finance.''

http://www.bloomberg.com/apps/news?pid=20601103&sid=anOTDjXPGMBg&refer=us
 
he is idiot. his prudent bear fund is short all the time and sometimes in names which are simply suicidal. he calls for big sell off for years now - just increasing the percentage plunge as the time goes on (probably to bring him breakeven; lol).
it was interesting to see his face today after such a long time - he looked pretty bad ;)
 
From March,David Tice, Perennial Bear, Sees 50% U.S. Stock Drop

On May 2, 2003, Tice incorrectly predicted the Dow Jones Industrial Average would sink to 4000 within the next year and a half. The 30-stock gauge closed above 9000 about a month after the forecast and reached a record 12,786.64 this year.

-------

Almost as amusing as seeing someone cite Hussman and his great literature in the other forum. Always an entertaining site.
 
Quote from gaj:

no offense, but citing tice for a bear case is like citing kudlow for a bull case.
More...
Good analogy.

David Tice & Peter Schiff have both fallen so far down the bear hole that they no longer have any capability of objective assessment - they only see doom & gloom - no matter the circumstances.

Otoh, Doug Kass (another bear) frequently has some well-reasoned assessments & conclusions, that at the least, warrant some thought.

R
 
I don't need reasoned cases, logical thinking, sensible outlooks.

I need the mf's to be right.

If you're not right, you're a turd.
 
You must log in or register to reply here.
Back
Top