Skip to comments.Two experts warn correction could total 60%
Posted on 08/27/2014 5:07:06 PM PDT by SkyPilotEdited on 08/27/2014 5:09:23 PM PDT by Admin Moderator. [history]
Markets could soon face a fall of up to 60 percent, two experts told CNBC on Wednesday.
A jolt to international confidence in central banks will lead to a 30 to 60 percent market decline, David Tice, president of Tice Capital and founder of the Prudent Bear Fund, told CNBC's "Power Lunch." When this happens, he said, markets will face a "period of extreme turmoil."
(Excerpt) Read more at cnbc.com ...
That’s quite a sale.
There is absolutely no economic reason that the markets have been this high except by manipulation. Federal interest rates at near zero, and a bubble unlike anything seen in world history.
When this one crashes, there will be blood on the floor.
Not if it convincingly busts through the upward trend line. Don’t fight the Fed.
As I recall, barney fag's mortgage scheme is what started this whole instability thing
"The seed falling among the thorns refers to someone who hears the word, but the worries of this life and the deceitfulness of wealth choke the word, making it unfruitful."
“Sell Mortimer, Sellll!...turn those machines back on!”
Tice got out of Prudent Bear Fund just in time for the fed-induced hyper bubble we’re in now. He is actually very smart and his timing is good. Started BEARX just before the 2000 crash also.
With this prognostication the markets will go gangbusters for at least 6 months!!!
bump for later
The Prudent Bear Fund in an inverse fund. It makes money when the stock market goes down. So if Tice wants to attract new investors to Prudent Bear, he's got to sell stock market gloom-and-doom. Who knows where the market will be next year at this time? but one thing is for sure. Tice is not a neutral observer.
Seven years after 911, the financial collapse. Seven years after that will be September 2015.
America's sins are many (as are mine), but this absolutely crazy, illogical stock market is the biggest fictitious wealth Ponzi scheme, ever. In all of human history. It dwarfs anything.
1 Tim. 6:10
well something has to give, I just saw bo juice is $4.50. Ridiculous for a 1.19 stick of deodorant
Soooooo...when all stop fighting Le Fed, then what?
When all are on their knees with heads bowing down and arms forward, then what?
More froth? Forever?
Tice has not been associated with Prudent Bear for many years.
What I see in America is a land that reminds me of what the Bible says about the days of Sodom and Gomorrah.
We have turned our backs as a nation on God, and on Israel.
We have elected the most wicked, horrible leaders.
I am NOT saying this is my prediction for a date (date setting is for fools), but.....just saying....be a watchman on the wall. God calendar is not the Gregorian.
I think the financial market will start to come apart soon. They will try one last time to manipulate things, and it may work for a short time, but it won't last. The house of cards is bound to come down.
They can always keep printing money. However, that money is becoming increasingly devalued.
So are we really witnessing a slow motion crash even as the charts as going straight up?