"I still think we're all in a lot of trouble," Gayed wrote. "All bubbles end." The market is looking like it's in the "perfect setup" for investor panic and a coming stock crash, according to one of Wall Street's most bearish fund managers. Michael Gayed, a portfolio manager at Tidal Financial and the author of The Lead-Lag Report, warned that stocks could be at risk of a major correction, thanks to a handful of warning signs that are flashing in the market.