Wednesday, Aug 08, 2007
By Christmas, Mr Tice expects the share market to have shed 30 per cent of its value, with another 20 per cent slide due next year.
smh: Time to sell says 'Dr Death'
HE'S been called the Dr Death of the US share market and, listening to Texas money manager David Tice talk about where the global economy is heading, it's not hard to understand why.
Mr Tice believes the US is on the cusp of its worst recession since World War II and his advice to Australian investors is simple: sell all US stocks as quickly as possible. "People have got to open their eyes to the risk out there," he said yesterday. "There are calamitous times ahead and some nave people are going to be badly burned."
Posted by chris :-)) @ 06:40 PM (129 views) Add Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
No comments have been submitted.
Be the first person to add your comment by completing the form below.