Doug Kass is "getting that summer of 1987 feeling," telling CNBC he's raising cash ahead of a likely 80 or 90-point trimming in the S&P. "The secular challenges are unprecedented. We are in a period of slower growth. Ultimately, fundamentals rule stock prices," Kass warns, also expecting the U.S. economic recovery will prove weaker than expected.
Doug Kass is "getting that summer of 1987 feeling," telling CNBC he's raising cash ahead of a...
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