Doug Kass now thinks stocks are overvalued, as his fair markets value is 5% below current...

|By:, SA News Editor

Doug Kass now thinks stocks are overvalued, as his fair markets value is 5% below current levels. He's eliminating any possibility of a recession this year but increasing the chance of sub-1% 2012 real GDP and "substantially raising" the likelihood of a muddle-through scenario (i.e., 2012 real GDP growth of 1.5%-2%.