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Two experts warn correction could total 60%
CNBC ^ | 27 Aug 14 | Matthew J. Belvedere and Everett Rosenfeld

Posted on 08/27/2014 5:07:06 PM PDT by SkyPilot

Edited on 08/27/2014 5:09:23 PM PDT by Admin Moderator. [history]

Markets could soon face a fall of up to 60 percent, two experts told CNBC on Wednesday.

A jolt to international confidence in central banks will lead to a 30 to 60 percent market decline, David Tice, president of Tice Capital and founder of the Prudent Bear Fund, told CNBC's "Power Lunch." When this happens, he said, markets will face a "period of extreme turmoil."


(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; Front Page News; Government; News/Current Events
KEYWORDS: bearetf; bearx; bubble; davidtice; economy; federalreserve; market; stockmarket; tice
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1 posted on 08/27/2014 5:07:06 PM PDT by SkyPilot
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To: SkyPilot

That’s quite a sale.


2 posted on 08/27/2014 5:09:51 PM PDT by Vince Ferrer
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There is absolutely no economic reason that the markets have been this high except by manipulation. Federal interest rates at near zero, and a bubble unlike anything seen in world history.

When this one crashes, there will be blood on the floor.

3 posted on 08/27/2014 5:10:01 PM PDT by SkyPilot
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To: SkyPilot

Not if it convincingly busts through the upward trend line. Don’t fight the Fed.


4 posted on 08/27/2014 5:13:01 PM PDT by palmer (This comment is not approved or cleared by FDA)
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To: SkyPilot
will it be entirely the fault of the USA ?

As I recall, barney fag's mortgage scheme is what started this whole instability thing

5 posted on 08/27/2014 5:13:25 PM PDT by knarf (I say things that are true .. I have no proof .. but they're true.)
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To: SkyPilot

The Harbinger...


6 posted on 08/27/2014 5:13:36 PM PDT by uptoolate (Republicans sure do like their liberalism)
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To: Vince Ferrer
For some reason this verse jumps out at me:

"The seed falling among the thorns refers to someone who hears the word, but the worries of this life and the deceitfulness of wealth choke the word, making it unfruitful."

Matthew 13:22

7 posted on 08/27/2014 5:13:48 PM PDT by SkyPilot
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To: SkyPilot

“Sell Mortimer, Sellll!...turn those machines back on!”


8 posted on 08/27/2014 5:14:24 PM PDT by TADSLOS (The Event Horizon has come and gone. Buckle up and hang on.)
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To: SkyPilot

Tice got out of Prudent Bear Fund just in time for the fed-induced hyper bubble we’re in now. He is actually very smart and his timing is good. Started BEARX just before the 2000 crash also.


9 posted on 08/27/2014 5:14:41 PM PDT by steve86 ( Acerbic by nature, not nurture)
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To: palmer

With this prognostication the markets will go gangbusters for at least 6 months!!!


10 posted on 08/27/2014 5:14:44 PM PDT by refermech
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To: SkyPilot
and the love of it is the root of all evil
11 posted on 08/27/2014 5:14:45 PM PDT by knarf (I say things that are true .. I have no proof .. but they're true.)
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To: Vince Ferrer

bump for later


12 posted on 08/27/2014 5:14:45 PM PDT by yorkiemom ( "...if fascism ever comes to America, it will come in the name of liberalism." - Ronald Reagan)
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To: SkyPilot
and the love of it is the root of all evil
13 posted on 08/27/2014 5:14:46 PM PDT by knarf (I say things that are true .. I have no proof .. but they're true.)
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To: SkyPilot
David Tice, president of Tice Capital and founder of the Prudent Bear Fund

The Prudent Bear Fund in an inverse fund. It makes money when the stock market goes down. So if Tice wants to attract new investors to Prudent Bear, he's got to sell stock market gloom-and-doom. Who knows where the market will be next year at this time? but one thing is for sure. Tice is not a neutral observer.

14 posted on 08/27/2014 5:15:38 PM PDT by Leaning Right (Why am I holding this lantern? I am looking for the next Reagan.)
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To: uptoolate
It sure seems like it.

Seven years after 911, the financial collapse. Seven years after that will be September 2015.

America's sins are many (as are mine), but this absolutely crazy, illogical stock market is the biggest fictitious wealth Ponzi scheme, ever. In all of human history. It dwarfs anything.

1 Tim. 6:10

15 posted on 08/27/2014 5:16:27 PM PDT by SkyPilot
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To: SkyPilot

well something has to give, I just saw bo juice is $4.50. Ridiculous for a 1.19 stick of deodorant


16 posted on 08/27/2014 5:17:53 PM PDT by yldstrk ( My heroes have always been cowboys)
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To: palmer

Soooooo...when all stop fighting Le Fed, then what?

When all are on their knees with heads bowing down and arms forward, then what?

More froth? Forever?


17 posted on 08/27/2014 5:20:28 PM PDT by Hostage (ARTICLE V)
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To: Leaning Right
So if Tice wants to attract new investors to Prudent Bear

Tice has not been associated with Prudent Bear for many years.

18 posted on 08/27/2014 5:21:16 PM PDT by steve86 ( Acerbic by nature, not nurture)
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To: knarf
Exactly. Money in and of itself can be used for good, and God gives us good things to enjoy in this life. Food, shelter, educations.

What I see in America is a land that reminds me of what the Bible says about the days of Sodom and Gomorrah.

We have turned our backs as a nation on God, and on Israel.

We have elected the most wicked, horrible leaders.

I am NOT saying this is my prediction for a date (date setting is for fools), but.....just saying....be a watchman on the wall. God calendar is not the Gregorian.

I think the financial market will start to come apart soon. They will try one last time to manipulate things, and it may work for a short time, but it won't last. The house of cards is bound to come down.

19 posted on 08/27/2014 5:21:23 PM PDT by SkyPilot
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To: palmer
Not if it convincingly busts through the upward trend line. Don’t fight the Fed.

They can always keep printing money. However, that money is becoming increasingly devalued.

So are we really witnessing a slow motion crash even as the charts as going straight up?

20 posted on 08/27/2014 5:23:33 PM PDT by oldbrowser (We have a rogue government in Washington)
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To: SkyPilot
A significant terror attack on the West would certainly have a huge detrimental effect.

Aside from that I doubt we're going to see a 30% or more decline.

21 posted on 08/27/2014 5:24:16 PM PDT by what's up
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To: TigersEye; Kartographer

FYI


22 posted on 08/27/2014 5:27:02 PM PDT by Whenifhow
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To: SkyPilot
There is absolutely no economic reason that the markets have been this high except by manipulation. Federal interest rates at near zero, and a bubble unlike anything seen in world history.

Yes, it is up because of Fed policy, but I don't think that is the whole reason. I think people are putting money into the stock market simply because there isn't another place to put it. China is going down, and so is the EU. BRICs are not doing that well anymore. The bond market doesn't pay well. Real estate in some markets has recovered, but may not do well from now on. I believe we can have a correction, but for a crash, there has to be some other place for the money to go, and I don't see it yet.

23 posted on 08/27/2014 5:27:33 PM PDT by Vince Ferrer
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To: oldbrowser
People keep saying that world investors have "no place" but the US to put money, but that is a fallacy.

Moreover, the world economy runs on oil, and all it will take in the volatile Middle East right now is a match to set the entire region on fire with war, possibly even a nuclear exchange.

Russia and China are actively attempting to get rid of the US Dollar as the World's Reserve Currency.

The Bible predicts single control of the world financial system, probably using a single, worldwide currency. It will happen, someday. Maybe in 100 years from now. Maybe, a lot less time. A lot less.

24 posted on 08/27/2014 5:27:42 PM PDT by SkyPilot
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To: what's up
With Obama in charge, who knows? The man is out of control.

We actually could see a break up of the United States.

What would happen, for instance, if Texas declared it was leaving and going back to being a Republic? Or if California was suddenly overrun Mexico?

Both of those scenarios were unthinkable even 2 years ago. Today, you read the headlines, and I can see them happening. I really can.

If either one happened, stocks would not crash, but collapse.

25 posted on 08/27/2014 5:30:49 PM PDT by SkyPilot
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To: SkyPilot

I’ve been saying the same since about 1994. It’s just that the manipulation has been so extensive, no one believes it. And in the short term, there’s money to be made but at the price of a country’s soul. Interesting times ahead.


26 posted on 08/27/2014 5:34:54 PM PDT by Shark24
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To: SkyPilot
There is absolutely no economic reason that the markets have been this high except by manipulation. Federal interest rates at near zero, and a bubble unlike anything seen in world history.

Too much hype about the EPS number, and too many ignoring the stock buy backs going on. Even with lower earnings, one can drive up EPS by reducing the number of shares.

When it finally does crash, I think they'll be wishing it was only a 60% correction.

27 posted on 08/27/2014 5:38:50 PM PDT by voicereason (The RNC is like the "One-night stand" you wish you could forget.)
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To: Vince Ferrer
David Tice, president of Tice Capital and founder of the Prudent Bear Fund"

Well familiar with Tice. A very very smart guy whose stuff I used to read quite a bit whose 15 year performance I would estimate at -80%.

 photo bearx_zps2149b3a3.png

That was a guess! A very accurate one. Tice knows how to lose money no matter what kind of market we are in.

28 posted on 08/27/2014 5:44:27 PM PDT by Attention Surplus Disorder (At no time was the Obama administration aware of what the Obama administration was doing)
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To: Hostage
Of course. All markets go up forever.

The actual answer is any correction of 20% or more would generate some too-big-to-fail propaganda which would trigger the next phase of the crackup boom. The politicians would be pounding on the Fed to print so they can spend as they would declare Keynesianism to be law of the land and various peoples would make sure dollars stay in demand worldwide.

Personally I think we have a bunch more moderate correction / Keynesian bull market phases ahead of us. Even looking at the chart above, it looks pretty strong to me on a purely technical basis.

29 posted on 08/27/2014 5:46:34 PM PDT by palmer (This comment is not approved or cleared by FDA)
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To: SkyPilot

30 posted on 08/27/2014 5:49:23 PM PDT by Jack Hydrazine (Pubbies = national collectivists; Dems = international collectivists; We need a second party!)
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To: uptoolate

9-13-15


31 posted on 08/27/2014 5:49:33 PM PDT by laplata (Liberals don't get it .... their minds are diseased.)
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To: oldbrowser
The market is barely keeping up with inflation: (graph is a year old)

but it is not crashing when adjusted for inflation.
32 posted on 08/27/2014 5:51:12 PM PDT by palmer (This comment is not approved or cleared by FDA)
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To: Attention Surplus Disorder

He’s what’s known as a contrary indicator. Whatever he says do, do the opposite.


33 posted on 08/27/2014 5:52:52 PM PDT by abb ("News reporting is too important to be left to the journalists." Walter Abbott (1950 -))
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To: SkyPilot; expat_panama; Wyatt's Torch; Lurkina.n.Learnin; 1010RD
Ping-a-Ling! Lot's of meat here for you to comment on. : )
34 posted on 08/27/2014 5:55:26 PM PDT by Chgogal (Obama "hung the SEALs out to dry, basically exposed them like a set of dog balls..." CMH)
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To: laplata

12-13-14...for those who like to plan death and destruction by the numbers?


35 posted on 08/27/2014 5:56:03 PM PDT by RckyRaCoCo (Shall Not Be Infringed)
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To: Chgogal

LOL. I was just checking it out.


36 posted on 08/27/2014 5:58:26 PM PDT by Lurkina.n.Learnin (It's a shame nobama truly doesn't care about any of this. Our country, our future, he doesn't care)
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To: SkyPilot

“When this one crashes, there will be blood on the floor.”

The Russians have bought 65 TONS of Gold so far in 2014. And not paper gold rehypothecationd a dozen times, but physical gold deliveries.
Likely, there is a real reason for that.

The Chinese? Who knows, given the gold buying scandal over there.


37 posted on 08/27/2014 6:02:20 PM PDT by tcrlaf (Q)
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To: Jack Hydrazine

Lol......very funny movie.


38 posted on 08/27/2014 6:03:05 PM PDT by SkyPilot
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To: palmer

very good, thank you.

And how does it compare to P/E, I think that ratio removes all inflation.


39 posted on 08/27/2014 6:07:04 PM PDT by ForYourChildren (OChristian Education [ RomanRoadsMedia.com - a Classical Christian Approach to Homeschool])
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To: RckyRaCoCo

12-13-14...for those who like to plan death and destruction by the numbers?


People will die and there will be some kind of destruction on that day.


40 posted on 08/27/2014 6:07:12 PM PDT by laplata (Liberals don't get it .... their minds are diseased.)
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To: palmer

The problem is that median income is down, government dependence is up, the world is a tinder box and zirp leaves the Feds ammo belt empty. Don’t know when but bulls running for 5 years plus absent meaningful corrections is not something that compels me to run with the fed these days.


41 posted on 08/27/2014 6:11:29 PM PDT by jwalsh07
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To: tcrlaf
You're absolutely right. Russia, huge gold purchases (and production). China has surpassed India as the largest consumers of gold, and in addition to their own production, Forbes estimates they have been buying over 1,100 tons per year for the last several years. Real gold, like you said, not the piece of paper IOUs. Personally, I think the Fed sold them our gold to fund this Quantitative Easing madness. All er have to show for it is a massive increase in entitlement spending by Washington, and an over inflated stock bubble
42 posted on 08/27/2014 6:14:15 PM PDT by SkyPilot
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To: jwalsh07

Add to your list inflation. Oh, that’s right, the BLS says there isn’t any. Good thing they don’t count food or energy in the statistics anymore also.


43 posted on 08/27/2014 6:16:22 PM PDT by SkyPilot
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To: knarf

“and the love of it is the root of all evil”

Maybe. I personally think that ego is the root of all evil.


44 posted on 08/27/2014 6:16:45 PM PDT by pieceofthepuzzle
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To: Chgogal
Already did in an another thread on the topic :-)

http://www.freerepublic.com/focus/chat/3197623/posts?page=44#44

45 posted on 08/27/2014 6:18:33 PM PDT by Wyatt's Torch
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To: TADSLOS
“Sell Mortimer, Sellll!...turn those machines back on!”

46 posted on 08/27/2014 6:20:45 PM PDT by Chode (Stand UP and Be Counted, or line up and be numbered - *DTOM* -vvv- NO Pity for the LAZY - 86-44)
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To: SkyPilot

Eat thumb drives and heat you your house with tablets and you will from government inflation stats.


47 posted on 08/27/2014 6:20:49 PM PDT by jwalsh07
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To: Chgogal

I wish I had a dollar for every expert that has forewarned of the imminent crash of this amazing bull market we’ve been in since 2009. One of these days one of them is going to be right.


48 posted on 08/27/2014 6:21:50 PM PDT by Lurkina.n.Learnin (It's a shame nobama truly doesn't care about any of this. Our country, our future, he doesn't care)
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To: Chode

A Classic! Watch out for those orange juice futures.


49 posted on 08/27/2014 6:27:50 PM PDT by TADSLOS (The Event Horizon has come and gone. Buckle up and hang on.)
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To: SkyPilot

I’m not seeing it. There has been a multitude of gloom and doom predictions for years now, generally with far better reasons for catastrophe, but not have materialized.

The reason I can say this with certainty, is that for even longer, the stock markets have been manipulated to such an extent that the indexes *can’t* fall drastically.

Let’s examine the most popular index, the Dow Jones Industrial Average. It is an index that shows how 30 large publicly owned companies based in the United States have traded during a standard trading session in the stock market.

Imagine if you had, say, 10 billion dollars that you could insert or remove from the stock market without *anyone* knowing you did. You could completely manipulate the stock prices, and thus the index, and nobody would know it.

If you did not do this too often, just when the market index was too volatile, the only thing the public would see is a stable stock market. The only indicator that hanky panky was happening would be that trading volume would be low, because when you intervened, the reaction trades would halt.


50 posted on 08/27/2014 6:29:28 PM PDT by yefragetuwrabrumuy ("Don't compare me to the almighty, compare me to the alternative." -Obama, 09-24-11)
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