David Tice on Bloomberg

David Tice, manager of the Prudent Bear fund, was interviewed on Bloomberg the other day - he said something about a "train wreck right in front of our house".

Equity markets are now like "a boiled frog"? That doesn't sound good.

The obvious headline from the interview was the comment about the recent weakness in equity markets being just the beginning of what is to come.

We think that the market can decline 50 or 60 percent. We hate to say something so somber but, it's not a time to be optimistic or pessimistic - it's a time to be realistic.

Could Doug Noland be proven right after all those Credit Bubble Bulletins?