Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<ul class="summary-list"><li><keyword id="11675494" type="UNKNOWN" weightage="60" keywordseo="david-tice">David Tice</keyword> is bearish on "big tech" <keyword id="6354298" type="DEFINITION" weightage="60" keywordseo="Stocks">stocks</keyword> and <keyword id="6354947" type="UNKNOWN" weightage="60" keywordseo="bitcoin">bitcoin</keyword> as they look expensive to him.</li><li>The veteran fund manager advised investors to exercise caution in a high-risk market.</li><li>Tice is bullish on <keyword id="18712" type="ENTERTAINMENT" weightage="60" keywordseo="Gold">gold</keyword> and silver miners due to <keyword id="22195" type="COMPANY" weightage="60" keywordseo="Inflation">inflation</keyword> and currency-depreciation fears.</li></ul>"Big tech" stocks and bitcoin are too expensive, while gold and silver are cheap and effective hedges against inflation and a weaker dollar, veteran investor David Tice said in a recent <a href="https://www.cnbc.com/video/2021/07/16/david-tice-warns-its-very-dangerous-to-invest-in-stocks-and-bitcoin.html?&amp;qsearchterm=david%20ticetice">CNBC interview</a>."We have come back a long way from the April lows of 2020 after the COVID-19 scare," the cofounder of Moran Tice Capital Management said. "However, we're not out of the woods yet and this is a dangerous market."Tice's concerns include the stock market appearing overpriced relative to projected corporate earnings, the US government racking up record amounts of debt, Treasury yields slumping in recent weeks, and accelerating inflation - even if it proves to be temporary.The fund manager warned investors that have piled into Alphabet, Microsoft, and other technology companies that those aren't "one-trick ponies" that guarantee handsome returns, and betting on them remains risky. Indeed, he predicted in another <a href="https://www.cnbc.com/2021/01/24/stocks-will-fall-at-least-30percent-in-a-drawn-out-bear-market-david-tice.html">CNBC interview</a> in January that stocks would plunge at least 30% during a two-year downturn.Tice also underscored the appeal of gold and silver when global governments have been plowing trillions of dollars of stimulus into their economies."You look at this lack of discipline in monetary and fiscal <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword>, gold is truly the place to be," he said. "I would be owning gold, especially gold and silver mining companies," he continued, adding that some of those miners are trading cheaply, growing quickly, and will profit if gold prices rise.Tice rang the alarm on bitcoin and other cryptocurrencies as well.The investor owned bitcoin when it was trading around $10,000, deeming it useful protection against depreciating fiat currencies. However, he balked when it surged to $60,000 earlier this year."We felt like that was long in the tooth," Tice said. "It had gone up too far, too fast," he continued, adding that central bankers in several countries have criticized bitcoin in recent weeks, paving the way for stricter regulations."It's very dangerous to hold today," Tice added.Tice's warnings echo those of "The Big Short" investor Michael Burry and billionaire investors such as Jeremy Grantham, Leon Cooperman, and Stanley Druckenmiller, who have all <a href="https://markets.businessinsider.com/news/stocks/michael-burry-jeremy-grantham-predict-epic-stock-market-crash-warnings-2021-7">expressed concerns</a> about current market valuations and predicted painful downturns.

Veteran investor David Tice sounds the alarm on 'big tech' stocks and bitcoin - and touts gold and silver miners as better bets

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">Reuters</div></div></div>The CEO of a property investment firm Quidnet Capital Partners says Britain should leave the European Union because the 28-nation bloc is barely growing and is failing to "help its citizens."Richard Tice told Bloomberg that while <a href="http://uk.businessinsider.com/merrill-lynch-brexit-bad-no-one-else-would-leave">investment banks and some bosses at Britain's biggest companies believe that a Brexit would be catastrophic for the island</a>, it would be better for the <keyword id="6354868" type="COUNTRY" weightage="60" keywordseo="UK">UK</keyword> to determine its own fate by voting "out" of the EU."The biggest risk is staying in something that, frankly, is flatlining and not helping its citizens," Tice told Bloomberg.Tice, whose company manages £500 million ($756 million) worth of real estate, added that leaving would be a "very simple process" and that "I don't think there'd be any disruption at all. This is not cataclysmic."Last week, a team of Bank of America Merrill Lynch analyst led by Robert Wood, warned that if Britons voted to leave the EU in the referendum scheduled for 2017, <a href="http://uk.businessinsider.com/merrill-lynch-brexit-bad-no-one-else-would-leave">the UK would experience so much economic pain</a> that it would make the EU stronger, because no other country would ever want to leave."In our view there would be serious economic fall-out for the UK in the short- and long-term if voters choose to leave the EU," said BAML analysts in the report.<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">Thomson ReutersBritain's Prime Minister David Cameron.</div></div></div>Prime Minister David Cameron and Chancellor George Osborne don't want to leave the EU and have promised Britons that the government will renegotiate a "better deal" with Brussels.Cameron this week outlined exactly <a href="http://uk.businessinsider.com/david-camerons-mission-impossible-europe-speech-2015-11">what he is asking for and what he hopes to achieve</a> in renegotiating some of the terms of Britain's EU membership.Influential business group the Institute of Directors <a href="http://www.iod.com/influencing/press-office/press-releases/business-leaders-back-osbornes-eu-reform-agenda">said last week that business leaders are backing the push for renegotiation but not an exit</a>."Our members value access to the single market, and want to see it completed to create a true level playing field for their services, but businesses do not want the UK to take part in further political integration," said Simon Walker, Director General of the IoD. "As the Eurozone takes the steps it needs to build a stronger currency union, the Chancellor is right to insist on protections for the UK and other EU members who are not part of the single currency," "This is an important part of the Government's negotiations, but it is not the only part. The overriding aim must be to secure reforms which make the whole of the EU more competitive, benefiting companies of all sizes, even those which don't export."A poll of 1,259 IoD members during April to May also showed that two thirds of respondents believe that the benefits of staying within the EU outweighed the potential negatives. <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/robert-herjavec-american-dream-shark-tank-small-business-2015-10">'Shark Tank' star Robert Herjavec says only Americans think there are no opportunities in America </a></h3> <div> <div> <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="gwbTkzeDpwglUYEFdCPlUIg1JNcvtfkf" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div> </div> </div> </div>

Britain should leave the EU because it's flatlining and not helping its citizens

Get ready for another 3 and 1/2-day week. And it'll be a busy one with a stacked line-up of reports on manufacturing, housing, and consumer confidence.
If you were off last week, you missed some big headlines. <a href="http://www.businessinsider.com/gdp-q3-revision-2014-12">GDP growth</a> was revised up to a whopping 5.0%. Meanwhile, the <a href="http://www.businessinsider.com/closing-bell-dec-26-2014-2014-12">S&amp;P 500 hit all-time highs</a> with the <a href="http://www.businessinsider.com/us-markets-dec-23-2014-2014-12">Dow crossing 18,000</a> for the first time ever.
Here's your Monday Scouting Report:
Top Stories
<ul>
<li>
GDP. There will always be naysayers skeptical of reports as strong as last week's GDP report. For what its worth, BMO Capital's Jennifer Lee notes that all of the popular <a href="http://www.businessinsider.com/gdp-q3-revision-2014-12">adjusted GDP metrics still hit multiyear highs</a>. "Real gross domestic purchases (or GDP ex net exports) grew 4.1% annualized (was estimated at 3.0%), the second quarter in a row of 4%-plus gains. Final domestic demand (or GDP ex inventories and net exports) grew 4.1% annualized (was estimated at 3.2%), a four-year high. Final sales (or GDP ex inventories) grew 5.0% annualized (was estimated at 4.1%), an eight-year high."
</li>
</ul>
Economic Calendar 
<ul>
<li>
Dallas Fed Manufacturing Activity (Mon): Economists estimate this regional manufacturing index slipped to 9.0 in December from 10.5 in November. "The headline index in the New York Fed&#xa0; manufacturing survey fell sharply in December," UBS's Kevin Cummins noted. "The details of the report were also especially weak, except the employment index, which remained positive.&#xa0; The Philadelphia Fed headline index also fell in December but did not show nearly the same degree of weakness as NY." 
</li>
<li>
S&amp;P/Case-Shiller Home Prices (Tues): Economists estimate home prices climbed by 0.40% month-over-month in October or 4.35% year-over-year. "Figures released by data provider CoreLogic suggest that home selling prices in the 20 major metropolitan areas covered by the S&amp;P/Case-Shiller survey jumped by 1.1% in October - the largest increase in 12 months," Societe Generale economists estimated. "Most of that gain likely reflected seasonal adjustments, however. Indeed, before seasonal adjustment, home prices probably edged just 0.2% higher during the reference period, placing the latest reading of 174.0 an unchanged 4.9% above the level recorded in October 2013. Our forecast, if on the mark, would leave home prices roughly 17% below their pre-Great Recession high."</li>
<li>
Consumer Confidence Index (Tues): Economists estimate this measure of sentiment jumped to 94.0 in December from 88.7 in November. "The index fell to 88.7 last month after hitting a seven-year high of 94.5 in October," Credit Suisse economists noted. "We forecast a December level of 93.0 given significant further declines in gasoline prices and generally positive news on job prospects. Possibly limiting the upside would be the recent financial market volatility sparked by negative news from abroad."</li>
<li>
Initial Jobless Claims (Wed): Economists estimate the weekly jobless claims climbed to 287,000 from 280,000 a week ago. "With jobless claims consistently trending below 300k and withheld income tax receipts growing at a 6%-plus annual pace, the outlook for consumption remains highly positive," Deutsche Bank's Joe LaVorgna said.</li>
<li>
Chicago PMI (Wed): Economists estimate this activity index was unchanged at 60.8 in December. "The Chicago business barometer index has been volatile recently, but has remained over 60 for the past four releases," Nomura economists noted. "The new orders and order backlog sub-indexes remained elevated in November, providing support for future activity."</li>
<li>
Pending Home Sales (Wed): Economists estimate pending sales climbed by 0.5% in November. "MBA applications for purchase rose 4.5% m/m in November, and the NAHB buyer traffic measure rose to 45 (from 41), both indicating a rise in pending home sales on the month," Barclays economists said.</li>
<li>The US stock markets will close at 2:00 p.m. ET on Wednesday and they'll be closed all day Thursday.</li>
<li>
Markit US Manufacturing PMI (Fri): Economists estimate this index of manufacturing fell to 54.0 in December from 54.8 in November. "Softer output and employment numbers merely represent a cooling in the pace of expansion from unusually strong rates earlier in the year, but also send a warning light to policymakers that the fourth quarter is likely to see a weakening in the pace of economic growth, which is starting to hit hiring," <a href="http://www.businessinsider.com/markit-us-pmi-dec-2014-2014-12">Markit's Chris Williamson said</a>.&#xa0;"We expect this weakening to become evident in the official data early in the new year, meaning rate setters will continue to err on the side of caution in terms of when the economy may be ready for higher interest rates, especially as the survey data also highlight a further drop in inflationary pressures."</li>
<li>
Construction Spending (Fri): Economists estimate construction spending climbed by 0.4% in November. "The stronger than expected housing starts report points to a decent further gain in homebuilding, and our AlphaWise team sees continued positive indications for nonresidential spending, which has been restrained recently by a correction in power plant construction," Morgan Stanley's Ted Wieseman said. "Government spending will likely be a drag in November, though, as the smaller and more volatile federal government component reverses a 19% spike in October."</li>
<li>
ISM Manufacturing (Fri): Economists estimate this manufacturing index fell to 57.5 in December from 58.7 in November. From UBS's Cummins: "Regional manufacturing surveys have been softer so far in December. The Empire State current activity index signalled a contraction in activity and most of the details of the report were uniformly dismal. (The exception was the employment index.) However, the New York Fed measure has been weak relative to other measures of activity in recent months. The Philadelphia Fed headline index also fell in December but did not show nearly the same degree of weakness as NY. The Markit flash PMI, although edging down a point, held on to a fairly healthy level in December. We forecast a modest decline in the ISM index, to 5x-a level that signals a solid trend in output growth."</li>
</ul>
Market Commentary
Almost <a href="http://www.businessinsider.com/barrons-2015-outlook-2014-12">every major strategist on Wall Street</a> is telling clients that stocks are going higher in 2015. However, almost all of those strategists are convinced gains will be very modest.
But in the past week, we've heard from a trio of pros who warn bad things could be coming.
"Since 1875, we have never seen the S&amp;P rise for seven calendar years in a row, so an eighth year would seem highly unlikely," Societe Generale's Roland Kaloyan said in a Dec. 17 note to clients. "<a href="http://www.businessinsider.com/socgen-2015-global-equity-outlook-2014-12">We assume that the S&amp;P 500 will finish the year slightly down</a> as the strengthening of the US dollar and the new tightening cycle offset the strong US GDP growth already priced-in at the start of the year."
"I have the same kind of feel in '98 and '99; also '05 and '06," Uber bear <a href="http://www.businessinsider.com/david-tice-is-bearish-2014-12">David Tice told CNBC</a>. "This is going to end badly. I have every confidence in the world."
Tice said that stocks are doomed to plunge by 30%-60%. But, he doesn't have much skin in the game as he's not actually shorting the market. 
<a href="http://www.cnbc.com/id/102276863">Appaloosa Management's David Tepper</a>, however, has lots of skin in the game. 
"This year rhymes with 1998," Tepper said to CNBC. "Russia goes bad. Easing [is] coming from Europe. Sets up 1999 ... [oops] I mean 2015... You [just] have to be aware of the possibility for some sort of overvaluation of the markets. And they are fair value now."
For more insight about the middle market, visit <a href="https://urldefense.proofpoint.com/v1/url?u=http://mid-marketpulse.com&amp;k=S62Tl7vLGjW6AAK5ZFwEoQ%3D%3D%0A&amp;r=%2B2sEypbBAnV2mc5PLhBR08ZBMT%2BquZZGjxd0T7NNaP4%3D%0A&amp;m=UtLLChRIkxZLioNs9a5IxKFS7RONkU%2FjCuvoQ68P2Hw%3D%0A&amp;s=28acf971eb6ce00a636a9e28c206665a00dc8a6b849c5fbdd6236e929e9008ce" target="_blank">mid-marketpulse.com</a>.

You Searched For "morand tice capital management" and got 4 results

Veteran investor David Tice sounds the alarm on 'big tech' stocks and bitcoin - and touts gold and silver miners as better bets

Theron Mohamed

Britain should leave the EU because it's flatlining and not helping its citizens

Lianna Brinded

Get Ready For A Busy 4-Day Week In The Economy - Here's Your Complete Preview

Sam Ro

China Will Need A Series Of Miracles To Sustain Growth

John Mauldin

Popular Keywords

Buying Guides