Business
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.

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…

Continue Reading