frankie cooper

Why This Rally Is Unsustainable

Hedge-fund manager Doug Kass, who this year was bullish on U.S. equities, now says the stock market could drop between 5 and 6 percent given the magnitude of its rally in recent weeks.

"Given the scope and duration of the recent market advance, I believe that the U.S. equity market is vulnerable to a short-term decline of 5 percent to 6 percent," Kass said in a note to clients on Monday. -

sounds like he is predicting a correction to me.....



look, i am no bear, but are you people so deluded into thinking that this is the end of it; that this market is going to rise unfettered?? get real, peeps!


On May 01 04:04 PM accountant wrote:

> Making the short case, huh. Times must be getting pretty desparate
> for the shorts.
>
> I'll go with Doug Kass's predictions - SP at 1070 by fall. If he
> is as raccurate about that as he was at calling the bottom, which
> he nailed to the very day and level - then you shorts had better
> start running for the hills as you will not have much left. There
> is gobs of money on the sidelines, and if that money starts getting
> scared that it is getting left behind, look out - you could see another
> 100 point run in the SP 500 over a very short period of time when
> it occurs. Add to that the shorts trying to cover their positions,
> and it could be very interesting.

Leverage 101: The Real Cause of the Financial Crisis

redman - what you don't seem to understand, is that the pain "everybody else is feeling" is about to get A LOT worse if banks cannot lend money. this isn't about punishment - that can come later. this is about preservation. don't get it twisted......