When the bull market breaks, it’s ‘likely to break hard,’ warns longtime bear who suggests investors are putting too much faith in the vaccine – MarketWatch
Thats David Tice, the former manager of the Prudent Bear Fund
BEARX,
,explaining to CNBC in a recent interview why he believes the market will eventually take a 30% hit that will last two years. We now have a Biden administration that has a Senate and a House. Theyre likely to enact very much more anti-capitalist policies, he said on Friday. They have already raised the minimum wage. Thats going to hurt earnings on the cost side. Tice, known for making bearish bets through his career, has had…
