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Stocks will fall at least 30% in a drawn-out bear market, investor David Tice warns – CNBC

Former Prudent Bear Fund manager David Tice is cautious due to Washington policies, an overvalued market and Covid-19 vaccine concerns.

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Long-time bear David Tice has new warning for investors.
He expects stocks to fall at least 30% in a downturn that lasts two years. One of his major reasons: Business unfriendly policies from Washington.
“We now have a Biden administration that has a Senate and a House. They’re likely to enact very much more anti-capitalist policies,” the investor told “Trading Nation” on Friday. “They have already raised the minimum wage. That’s going to hurt earnings on the cost side.”
According to Tice, easy…

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