2 replies to this topic

[nimblebear]

Ready for the Worst: Here Come the Bears


By JAN M. ROSEN
Published: April 8, 2007
THE bears burst out of hibernation on Feb. 27, erasing the stock markets’ year-to-date gains and raising investors’ fears that the road ahead would be rough.

Mark Graham for The New York Times
David W. Tice, manager of the Prudent Bear fund, has been called “a longtime prophet of doom,” but correctly predicted the tech bust.

One Growls, One Whimpers “I’m very pessimistic and very convinced that there will be very hard times — equal to the 1930s,” said David W. Tice, perhaps the most prominent bear fund manager. “This has been an incredibly long bull market,” he said, one fueled by a “credit-induced boom.”

He describes the current problems in the subprime mortgage market as the “first chink in the armor” and foresees a long bear market ahead.

Investment managers and analysts generally disagree on several counts with Mr. Tice — whose Dallas-based firm manages the Prudent Bear fund and the Prudent Global Income fund. They have far more faith that the American financial and economic systems will weather any squalls and they contend that in the long term, well-structured, diversified portfolios of stocks and bonds tailored to meet individual investment goals will do well.

These analysts are also wary of investors’ ability to “time the market” — to buy at the trough and sell at the peak or, in the case of bear market funds, to buy when the market is high and get out when it nears bottom.....

http://www.nytimes.c...amp;oref=slogin

Papa:bear: himself

Edited by nimblebear, 09 April 2007 - 07:40 PM.

[ed rader]

Ready for the Worst: Here Come the Bears


By JAN M. ROSEN
Published: April 8, 2007
THE bears burst out of hibernation on Feb. 27, erasing the stock markets’ year-to-date gains and raising investors’ fears that the road ahead would be rough.

Mark Graham for The New York Times
David W. Tice, manager of the Prudent Bear fund, has been called “a longtime prophet of doom,” but correctly predicted the tech bust.

One Growls, One Whimpers “I’m very pessimistic and very convinced that there will be very hard times — equal to the 1930s,” said David W. Tice, perhaps the most prominent bear fund manager. “This has been an incredibly long bull market,” he said, one fueled by a “credit-induced boom.”

He describes the current problems in the subprime mortgage market as the “first chink in the armor” and foresees a long bear market ahead.

Investment managers and analysts generally disagree on several counts with Mr. Tice — whose Dallas-based firm manages the Prudent Bear fund and the Prudent Global Income fund. They have far more faith that the American financial and economic systems will weather any squalls and they contend that in the long term, well-structured, diversified portfolios of stocks and bonds tailored to meet individual investment goals will do well.

These analysts are also wary of investors’ ability to “time the market” — to buy at the trough and sell at the peak or, in the case of bear market funds, to buy when the market is high and get out when it nears bottom.....

http://www.nytimes.c...amp;oref=slogin

Papa:bear: himself

i saw tice on CNBC recently and he's lost weight and his skin doesn't look as greasy. perhaps that's the look of a bear after a long hibernation .

i remember him pleading with the bears on the pru bear site to be patient because we were right on the brink of a huge sell-off, and soon he was right.

ed rader

Edited by ed rader, 09 April 2007 - 09:51 PM.

[no_mind]

For me, Tice ain't Tice without the mustache; grow it back David.