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When the bull market breaks, it’s ‘likely to break hard,’ warns longtime bear who suggests investors are putting too much faith in the vaccine – MarketWatch

David Tice, the former manager of the Prudent Bear Fund, explained to CNBC why he believes the market will eventually take a 30% hit that will last two years.

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Thats David Tice, the former manager of the Prudent Bear Fund
BEARX,
,explaining to CNBC in a recent interview why he believes the market will eventually take a 30% hit that will last two years. We now have a Biden administration that has a Senate and a House. Theyre likely to enact very much more anti-capitalist policies, he said on Friday. They have already raised the¬†minimum wage. Thats going to hurt earnings on the cost side. Tice, known for making bearish bets through his career, has had…

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