Well familiar with Tice. A very very smart guy whose stuff I used to read quite a bit whose 15 year performance I would estimate at -80%.
That was a guess! A very accurate one. Tice knows how to lose money no matter what kind of market we are in.
Posted on 08/27/2014 5:07:06 PM PDT by SkyPilot
Edited 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 ...
Aside from that I doubt we're going to see a 30% or more decline.
FYI
Yes, it is up because of Fed policy, but I don't think that is the whole reason. I think people are putting money into the stock market simply because there isn't another place to put it. China is going down, and so is the EU. BRICs are not doing that well anymore. The bond market doesn't pay well. Real estate in some markets has recovered, but may not do well from now on. I believe we can have a correction, but for a crash, there has to be some other place for the money to go, and I don't see it yet.
Moreover, the world economy runs on oil, and all it will take in the volatile Middle East right now is a match to set the entire region on fire with war, possibly even a nuclear exchange.
Russia and China are actively attempting to get rid of the US Dollar as the World's Reserve Currency.
The Bible predicts single control of the world financial system, probably using a single, worldwide currency. It will happen, someday. Maybe in 100 years from now. Maybe, a lot less time. A lot less.
We actually could see a break up of the United States.
What would happen, for instance, if Texas declared it was leaving and going back to being a Republic? Or if California was suddenly overrun Mexico?
Both of those scenarios were unthinkable even 2 years ago. Today, you read the headlines, and I can see them happening. I really can.
If either one happened, stocks would not crash, but collapse.
I’ve been saying the same since about 1994. It’s just that the manipulation has been so extensive, no one believes it. And in the short term, there’s money to be made but at the price of a country’s soul. Interesting times ahead.
Too much hype about the EPS number, and too many ignoring the stock buy backs going on. Even with lower earnings, one can drive up EPS by reducing the number of shares.
When it finally does crash, I think they'll be wishing it was only a 60% correction.
Well familiar with Tice. A very very smart guy whose stuff I used to read quite a bit whose 15 year performance I would estimate at -80%.
That was a guess! A very accurate one. Tice knows how to lose money no matter what kind of market we are in.
The actual answer is any correction of 20% or more would generate some too-big-to-fail propaganda which would trigger the next phase of the crackup boom. The politicians would be pounding on the Fed to print so they can spend as they would declare Keynesianism to be law of the land and various peoples would make sure dollars stay in demand worldwide.
Personally I think we have a bunch more moderate correction / Keynesian bull market phases ahead of us. Even looking at the chart above, it looks pretty strong to me on a purely technical basis.
9-13-15
He’s what’s known as a contrary indicator. Whatever he says do, do the opposite.
12-13-14...for those who like to plan death and destruction by the numbers?
LOL. I was just checking it out.
“When this one crashes, there will be blood on the floor.”
The Russians have bought 65 TONS of Gold so far in 2014. And not paper gold rehypothecationd a dozen times, but physical gold deliveries.
Likely, there is a real reason for that.
The Chinese? Who knows, given the gold buying scandal over there.
Lol......very funny movie.
very good, thank you.
And how does it compare to P/E, I think that ratio removes all inflation.
12-13-14...for those who like to plan death and destruction by the numbers?
People will die and there will be some kind of destruction on that day.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.