China shows what happens to stocks in a true bear market, writes Doug Kass, as near-relentless...

|By:, SA News Editor

China shows what happens to stocks in a true bear market, writes Doug Kass, as near-relentless selling since early this year has stocks trading at 7.8X forward earnings, and with a 3.9% dividend yield. "If China is the growth driver of the (world economy)," asks Kass, "doesn't this highlight how cheap stocks can get when growth is called into question?"