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

Tice = Tool. He says this crap once a week. When he's finally right he gets credit? Even during the bear market his fund sucked - the rydex bear funds performed much better. A huge bear market and this tool can't even have his bear fund match the market.....:eek: :eek:
 
Quote from 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
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tice had surpirsingly shitty performance in this market, not up nearly as much as the market was down - and it's a pure bear fund, BEARX I think part of it is that he's into precious metal miners, who mine metal about as well as AIG execs manage risk. about the only metal ever increased, is the metal for luxury cars in management's parking spaces after they dillute their stock in a manner than would make bernanke blush

tice is a marginally competant perma bear, he makes it far more complicated than it needs to be - index shorts and futures is all it takes
 
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