An Investor is predicting that its very dangerous to invest in stocks, techs and bitcoin right now
The investor named David Tice states that its very dangerous to invest in the S&P 500, Big Tech and bitcoin right now as the market is really volatile
One of the most renowned investor who thought of selling his bear fund in the 2008 financial crisis is stating the returns to be hopeless for the long-term prognosis in Wall Street. The investor named David Tice states that its very dangerous to invest in the S&P 500, Big Tech and bitcoin right now as the market is really volatile. The market appears to be overpriced in future earnings terms. The countries have been accumulating debt like never before. The Treasury markets are acting very strange and the rates are falling dramatically.
The investor is known for creating bearish bets amid bull markets, and is now advising the AdvisorShares Ranger Equity Bear ETF. The company has over USD 70 million in assets under management. The fund showcased a jump of 3% over the past month, however the fund hasn’t been able to show a 62% return that it showed over the last two years. The investor states that it’s tough to predict the next pullback. However, he is convinced of a market meltdown and states that it’s unavoidable.
The investor is encouraging other investors to identify the risks and diversify. The investor growing concern over the Big Tech and the FAANG stocks, including Facebook Inc., Apple Inc., Amazon Inc., Netflix and Alphabet Inc. The investor states that a lot of money has been diverted into these stocks and the costs have been witnessing a rise as well. Additionally, Bitcoin is not even choice to hold right now and urging investors to be more cautious of the cryptocurrency space. The investor came encouraging the bitcoin as a bull, however turned its back on the bitcoin once it started to hit all-time highs back in March.
The investor has a bitcoin position when it was around USD 10,000. However, when the stock tuned USD 60,000 we started to grow concerned. Presently, the major central bankers, Bank of England and Bank for International Settlements have made negative statements toward the same making it as risky affair to hold right now.
