David Tice - Trees Don’t Grow to the Sky – The Fed will Lose the Confidence of the Market at Some Point

David Tice, of Tice Capital and formerly the Prudent Bear Fund says that quantitative easing is not a long term growth strategy.  He says the Fed has engineered a “nice recovery,” but “trees don’t grow to the sky.”  Tice is not yet getting short the market … he’s playing gold bullion and gold stocks for now, saying gold represents an unusually attractive opportunity. ”I’ve never been more confident of anything in my life,” he said, referring to gold bullion.   

Tice sees a period ahead of “extreme turmoil” and expects there will be a 30% to 60% decline for equities.  Although if Tice gave a hint of timing we failed to catch it, he was crystal clear on the message he wanted to convey:   “I don’t think this (end to QE and the Fed manipulation of interest rates and markets) ends well,” he warns.  Video below.  About 3 minutes.  Worthwhile to share.

Source:  CNBC  

http://video.cnbc.com/gallery/?video=3000306070&play=1