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

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.
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Comments (2)
  • pishon
    , contributor
    Comments (35) | Send Message
     
    I'm feeling it.
    7 Aug 2012, 11:46 AM Reply Like
  • hksche2000
    , contributor
    Comments (888) | Send Message
     
    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
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