Superbear Tice: Stocks to Tumble for Five Years

Thursday, Feb. 7, 2008 1:26 p.m. EST

The Federal Reserve’s interest-rate cuts won’t work to keep stocks from dropping further because of financial players’ aversion to credit, says David Tice.

Tice is one of the country’s most prominent short sellers and manager of the $1.1 billion Prudent Bear Fund.

He told Bloomberg that he expects the stock market to tumble for the next five years.

"Most people who are bullish on stocks thought that the Fed rate cuts would re-inflate the economy,â€