Doug Kass is the president of Seabreeze Partners Management Inc. Until 1996, he was senior portfolio manager at Omega Advisors, a $6 billion investment partnership. Before that he was executive senior vice president and director of institutional equities of First Albany Corporation and JW Charles/CSG. He also was a General Partner of Glickenhaus & Co., and held various positions with Putnam Management and Kidder, Peabody.Expand

Kass received his bachelor's from Alfred University, and received a master's of business administration in finance from the University of Pennsylvania's Wharton School in 1972. He co-authored "Citibank: The Ralph Nader Report" with Nader and the Center for the Study of Responsive Law and currently serves as a guest host on CNBC's "Squawk Box."Collapse

"YOU GONNA LEARN TODAY!!" - Kevin Hart in one of his recent comedy specials. So, in brief, here is what is likely to happen next in Oil-World. While everybody is still figuring out which narrative to pull out of their pocket to form a headline and jack whatever angle on oil futures they feel like jacking, the Saudis are serious. They are patient people. They HAVE been patient. Full disclosure - they may remain patient for longer and I'm not saying that what I'm writing is actually truth. I'm no fortune teller or even a fake fortune teller. But here's the thing - and it's a thought experiment. Stipulated: Oil is a fake market. The correlation between actual supply and actual demand is not what determines the price of oil. Speculators and hedgers do this. The LEVERAGE available to traders is off the charts. So much so that it's kind of a crime but that's another story for a different day.
Deutsche Bank downgrades Caterpillar (CAT) this morning.
Hints of a European Central Bank tapering have taken down futures a bit following the opening gap in the early morning.

A Rare Day Real Money Pro($)

I have had an unbearable traveling schedule over the last twenty four hours -- and I will for the next 24 hours. So, no "Takeaways' today. …

Just Sayin' Real Money Pro($)

As most of you know by now, i put little or no significance in unusual call activity volume. Moreover, directional call (and put) buying is a…

Peak Amazon? Real Money Pro($)

* Unlike Jim, it is my view that Amazon's shares should be sold on strength as the company could face regulatory restrictions in reaction to its expansion plans and customers who use the service could face a rising tax burden over the intermediate term. It is not clear to me, given the extended valuation, that investors will be so patient with this possible threat. * Given the disruptions in jobs, malls and elsewhere, I wouldn't be surprised if the proposed acquisition and future acquisitions will be opposed by many, possibly including politicians and regulatory authorities. (Note: Retail stores are closing with rapidity -- an estimated 8,000 stores in 2017 alone compared to about 4,000 in recession-savaged 2008 -- as the business landscape radically has changed due to Amazon's strategic alliances and business objectives and strategies." Frankly in the face of bonafide threats of regulatory and political opposition to Amazon   (AMZN) -- we might, against all odds, finally be facing "Peak Amazon."   But for different reasons than many would have expected.   Peak Everything!

Cashin Musings on Oil Real Money Pro($)

Midday musings from Sir Arthur Cashin:

The Long and Short of It Real Money Pro($)

Getting larger in Apple (AAPL) short at $146.25. With sales at $249.25 I am down to tag ends in Allergan  (AGN) . (Hopefully I will b…
As Allergan (AGN) approaches $250 resistance, I continue to pare down -- sold some more at $248.75.   But, I'll be baack! …


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