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.
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.