Investor’s Warning: ‘I’m Nervous. We’re Getting Closer To A MELTDOWN Scenario’

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According to investor David Tice, who made a name for himself in running the Prudent Bear Fund before selling it to Federated Investors in 2008, the current market is dangerous.  Tice was quoted as saying he’s “nervous” because “we’re getting closer to a meltdown scenario.”

According to CNBC, Tice may be known as a “permabear”, but last December he said there was a 50 percent chance stocks would stage a 25 percent rally this year. So far in 2018, the S&P 500 and Dow are both up 8 and 5 percent, respectively. The Nasdaq has rallied about 15 percent.  But Tice did say: “Longer term, the market is going to suck.”

According to Tice, the struggling emerging markets could spark a contagion that could hit the United States. The MSCI Emerging Markets Index has lost more than 13 percent of its value this year as of Wednesday’s close. “You look at emerging markets. There’s a lot of trouble in emerging market currencies where we’ve broken to new…

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Investor’s Warning: ‘I’m Nervous. We’re Getting Closer To A MELTDOWN Scenario’