The downside risk for stocks is nearing its highest level in a year, Doug Kass writes, given the...

|By:, SA News Editor

The downside risk for stocks is nearing its highest level in a year, Doug Kass writes, given the sharp rise in equities and "especially if I am correct that QE2 will be a dud." Quantitative easing, he says, "will not meaningfully move the needle of domestic economic growth" and will have only limited impact on jobs, housing and confidence.