The Dow rallied into triple digits, and stocks closed Friday at another record high. But some analysts still predict an economic slowdown. On "Closing Bell," David Spika, VP & Investment Strategist at Westwood Holdings Group, took on David Tice, president of The Prudent Bear Fund, to call the market: bull or bear.
Tice told CNBC's Melissa Francis that the market highs are due, in part, to a credit bubble in corporate finance which "has to be corrected." He warned that "massive" credit growth led to asset inflation -- and "it will end very badly."
But Spika disagreed, pointing to double-digit global liquidity growth and other indicators like copper rising above $3 per pound as proof of a thriving economy. "I don't see credit being a problem near-term," he said.