Home Blockchain News Dow Jones Rally Just a ‘Dead Cat Bounce,’ US Stock Market Could Crash 30%: David Tice

Dow Jones Rally Just a ‘Dead Cat Bounce,’ US Stock Market Could Crash 30%: David Tice

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The recent Dow Jones rally is a “dead cat bounce” because the stock market is going to tank and a recession will eventually cast a dark shadow over the US economy. That’s the bleak prediction of investment perma-bear David Tice, who previously managed the aptly-named Prudent Bear Fund. A dead cat bounce is a brief recovery from an extended bear market that’s followed by a prolonged downturn. Basically, that’s where Tice thinks the US stock market is right now. ‘We Are Now in a Bear Market’ Looking ahead, Tice claims a 10 to 30 percent market plunge looms on the horizon,

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* First published on ccn.com

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