David is about as big as a grizzly when it comes to bears, but he called the bailout a year early. Now he thinks markets can go down by more than half, penance for running up so far so fast. One thing is for sure, its really a traders market.
David Tice, chief portfolio strategist for bear markets at Federated Investors Inc., and Christian Thwaites, chief executive officer of Sentinel Investments, talk with Bloomberg’s Pimm Fox about the outlook for U.S. stocks.
Tice says the Standard & Poor’s 500 Index is overvalued and may plunge 62 percent before hitting its bear-market bottom. (Source: Bloomberg)
4/8/09 David Tice: Don’t Believe the Rally
YouTube, Accessed April 16, 2009