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Doug Kass, who called the market bottom, now thinks we're approaching a top: "The economic...

Doug Kass, who called the market bottom, now thinks we're approaching a top: "The economic outlook for the second half of 2010 still looks less than certain, especially relative to the magnitude of the market's rise and to the rise in animal spirits that has accompanied it."
Comments (20)
  • Kass...lol. He needs his own noise maker board with his "boss", you know who.
    5 Aug 2010, 05:47 PM Reply Like
  • Doug also called a top about 10 months ago.
    5 Aug 2010, 05:50 PM Reply Like
  • And the top actually came 3 months ago ...
    5 Aug 2010, 07:09 PM Reply Like
  • Irrational sine/co-sine waves are the new norm ever since '.com' was added to every brokerage house since 1998.

     

    The fact that we've 'gotten ahead of ourselves' means that technology has created more beta in the market.

     

    Kass should know this, but he wanted a soundbite.
    5 Aug 2010, 06:03 PM Reply Like
  • you only get lucky once or twice.
    5 Aug 2010, 06:05 PM Reply Like
  • Even a broken clock is right twice a day
    5 Aug 2010, 09:26 PM Reply Like
  • exactly
    6 Aug 2010, 07:12 AM Reply Like
  • He has already said he is short, so he's pushing.
    5 Aug 2010, 06:37 PM Reply Like
  • We'll see
    5 Aug 2010, 06:42 PM Reply Like
  • We're overbought now, so it's about time again for the talking heads to come out and try to spook the market down while they short it.

     

    The temporary top will either be this week or Monday.
    5 Aug 2010, 07:14 PM Reply Like
  • Agreed
    5 Aug 2010, 11:00 PM Reply Like
  • The markets are easier to call now since the trading desks of the IBs have reduced exposure(size) in recent months.

     

    If you are a buyer at today's prices you are a bigger gambler than I. Never overstay your welcome at your in-laws and the stock market. Cash is a position.
    5 Aug 2010, 07:15 PM Reply Like
  • Who cares again?
    5 Aug 2010, 07:59 PM Reply Like
  • He said we were at a top a few weeks ago too. Why does anyone pay attention to this Cramerized idiot
    5 Aug 2010, 08:15 PM Reply Like
  • yep, that's what I meant by his "boss" above.
    5 Aug 2010, 08:56 PM Reply Like
  • people looking for "gurus" every day
    6 Aug 2010, 07:14 AM Reply Like
  • he is a publicity hound to get money for his hedge fund
    5 Aug 2010, 08:40 PM Reply Like
  • He was on fast money today calling Brian Kelly, jk for John Kerry, nobody knew what he meant. He sounded kinda lit. Wonder what his deal was.
    5 Aug 2010, 09:24 PM Reply Like
  • This is very funny and must be wrong!

     

    Kass was just on CNBC exactly ONE MONTH ago calling a market bottom!!!

     

    www.cnbc.com/id/381124...

     

    What a fool - maybe we should ask him for his definition of "top" and "bottom"...
    5 Aug 2010, 10:10 PM Reply Like
  • Uh, Kass has called more tops than a newbie to a nudist colony. I've written about a ton of them.

     

    Here is one of several:

     

    wallstcheatsheet.com/b.../
    5 Aug 2010, 10:55 PM Reply Like
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