“The market is very overpriced in terms of future earnings. We are adding debt like we’ve never seen,” the former Prudent Bear Fund manager told “Trading Nation” on Friday. “We have the Treasury market acting very strange with rates falling dramatically.”

Tice, who’s known for making bearish bets during bull markets, now advises the AdvisorShares Ranger Equity Bear ETF, which has $70 million in assets under management. The fund is up 3% over the past month, but it’s off 62% over the last two years.

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