View on the Market: Laszlo Birinyi vs. David Tice

Bloomberg interview with Laszlo Birinyi of Birinyi Associates in Connecticut on Dec 8, 2008: Mr. Birinyi is hesitant to make a call on the bull market. There needs to be some catalysts to jump start a bull market.The market will continue to be volatile. However, he appears to think that S&P 500 Index has made the bottom.

Below is Bloomberg interview video clip of Analysis and Discussion with David Tice of Federated Prudent Bear Funds on Dec 8, 2008. Mr. Tice thinks that the market could potentially fall significantly from current level...in contrary to Laszlo Birinyi 's view.

Several things are common despite their differing views on the market:

• The market will continue to be very volatile.
• Factual catalysts will drive the market up/down.
• Bull market and bear market are uncertain events that you can not fully predict with precision.
• No doubt that recession is in-progress now.