do any of you genius's remember the bible story of noah. remember when all the people laughed at him for building the ark. who got the last laugh. bgp
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
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.