Bearish Bear says Market will drop from 30% to 60%: Said the same thing in 2009 and 2012

Sometimes these bears like David Tice are in religion mode.

Being extremely bearish on stocks is not a new position for Tice, who said in 2009 that the S&P 500 would go to 400, and in October 2012 said the market, "really seems like it seemed in early '08."

This chart from Morningstar shows the performance of the fund over the last ten years, with $10,000 invested in the fund worth $5,340 today. In contrast, $10,000 invested in the S&P 500 over the same period would be worth $22,244 today.

Yeah his fund would have cost you $4660 in losses if you stuck with him for 10 years. An index fund would have more than doubled your money. A broken clock is wrong 99% of the time.