Investor David Tice warns it's too dangerous to buy stocks right now - here's why (via TradingNation)
Long-time bear David Tice acknowledges the market's record-setting run could extend another six months, but the investor is too worried about a dramatic drop to try to capitalize on it." on Wednesday. "This market is going to go down. There's going to be a recession. It's a matter of when —not if."will "melt up" as much as 15% into the first half of 2020, Tice believes it's too dangerous to buy stocks right now.
"The excesses are so great. Corporate debt is so significant. We essentially have exports, commercial construction and residential construction as well as capital spendingHe estimates there's a 20% chance the market will plummet 40% to 60% in 2020. Due to the sell-off's potential magnitude, he prefers not to take on the risk.are a great play right here," said Tice, who added buying gold and gold stocks are also good options.
Tice, who's recognized for selling his Prudent Bear Fund to Federated in 2008 just as the financial crisis was unfolding, is
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