Market Currents

With stock investors beginning to get comfortable with riskier sectors, Doug Kass says the...

Tuesday, August 7, 2012, 11:32 AM ET
With stock investors beginning to get comfortable with riskier sectors, Doug Kass says the S&P has about reached his "fair market" value of 1415, and he's cut his long exposure to the lowest level this year.

This Market Current was sent to 21,588 people who get email alerts on SPY.

Get email alerts on SPY »

Share this Market Current

Short URL:

Track new comments on this story

This news story has 2 comments:

pishon Comments (35)

I'm feeling it.

7 Aug 2012, 11:46 AM Reply Like

hksche2000 Comments (334)

Not sure "stock investors beginning to get comfortable with riskier sectors". Perhaps PE funds are playing Vegas. Individual investors have taken $55B out of equities in the last quarter, me included (into, bonds, REITS and mrtg. REITS), and for good reasons. DK is right to cut to the bones his exposure to equities. The current rally is just a bear trap and it's already overbought. Let the boys play amongst themselves and lose their own shirts, not ours. Stay out!

7 Aug 2012, 05:01 PM Reply Like

LATEST|

TODAY SO FAR|

YESTERDAY

Other date

DJIA (DIA) S&P 500 (SPY)