Portfolio Manager

Attention Fund Managers: It's Time to Buy

Kass said that November was the bottom FOR 2008. He was right. He seems to be right a lot.


On Mar 06 02:39 PM OldLimey wrote:

> Doug Kass also said that November was the bottom.

An Optimist Looks at the Market

Wrong, wrong, wrong, wrong, and wrong.

1. Gas and oil prices are lower BECAUSE economies across the globe are slowing.

2. The GDP growth number is entirely fictitious. If one applies a realistic deflator (5%? 12%) instead of a ridiculous 1.3% inflation rate, then economic growth is negative--and has been for over a year.

3. The dollar is strengthening against the currencies of nations that are following us into recession.

4. The once in a lifetime opportunities are probably on the short side. Citibank and GE will survive in at best a diminished form. Microsoft is a plausible investment, but it faces many real risks.

5. Housing needs to drop another 15% before it reaches the historical average level of affordability. And it will probably overshoot on the downside. An average is not a floor.

5.