Co-founder of hedge fund Morand-Tice Capital Management David Tice in an interview with CNBC warned investors around the world against investing in stocks and bitcoins.
According to Tice, these types of assets are currently highly overvalued, which in the near future may turn into a “burst” of the “bubble”, as a result of which prices will fall dramatically.
“The market is highly overvalued in terms of future earnings [компаний-эмитентов акций]… We’re generating debts we’ve never seen before, ”Tice said. According to him, the stock market crash is inevitable, although the exact date is almost impossible to predict.
Current investors, according to the financier, are hunting for the profitability of their investments at the level of 3-5 percent and at the same time risk losing 40 percent of the invested funds in the event of a collapse.
Tice became known as a professional investor who makes bearish bets – on the decline in quotations. During the 2008 global financial crisis, he sold the Prudent Bear fund, of which he acted as a manager. He currently advises the AdvisorShares Ranger Equity Bear ETF, which also specializes in short.