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

The Trump Strategic and Policy Forum is set to disband.   This Forum includes a number of important business leaders --…
Joe Cocker started Sunday afternoon's music with a little help from his friends in The Grease Band. After Cocker concluded, a two-hour thunderstorm disrupted the concert, and at about 7 p.m. Country Joe and the Fish ripped it up and finished with a seminal song that captured the gestalt and became something of a national anthem of the 1960s, I Feel Like I'm Fixin' to Die Rag. Alvin Lee and Ten Years After gave us their spoonful and ended with their classic I'm Coming Home. The house band and local Woodstock residents, The Band, pulled into Nazareth at about 10 p.m. At midnight, Edgar and Johnny Winter told the truth and finished with Johnny B. Goode. The early morning began at about 1 a.m. with Blood, Sweat & Tears spinning their wheels. Crosby, Stills, Nash & Young began their acoustic set at 3 a.m. The Paul Butterfield Blues Band delivered a morning sunrise. Sha Na Na, who were paid only about $350 for their gig (the briefest of the concert),
Next likely move may be the left promoting "boycotts" of companies whose CEO remain on presidential boards. Rally's resilience getting some help from what looks like short-covering. Rally seems to resist concern that Trump could be tempted to seize some geo-political opportuni

Ludacris Forecast Real Money Pro($)

I haven't done one of these reckless forecasts in a while.   But I wouldnt be surprised if today we reverse lower (the Dow Jones is …

Subscriber Comment of the Week Real Money Pro($)

From Frank "The Chairman of the Board" Knoll: My comment's on the market. Keep in mind I am not a financial professional like many on this…

Out of TBT Real Money Pro($)

Housekeeping item.

Woodstock, or Bitcoin? Real Money Pro($)

This post's long headline should be: "A Rambing Woodstock-esque Morning Essay on Cryptocurrencies and The World We Live In".

Pressing AGN Again Real Money Pro($)

Pressing my Allergan (AGN) now, with a buy scale lower today.
I am up by about 2% in my ProShares UltraShort 20+ Year Treasury (TBT) Trade of the Week.

Bookcvar on the ECB and Fed Real Money Pro($)

So I guess Aug. 25 won't be a big deal after all. Reuters is reporting that "ECB President Mario Draghi will not deliver a new policy message at the US Federal Reserve's Jackson Hole conference, two sources familiar with the situation said, tempering expectations for the bank to start charting the course out of stimulus." The reason being is that he agreed to wait until the 'autumn' to discuss with his colleagues what to do with QE and he will honor that decision. Considering that the current program is scheduled to end at the end of December, he has no choice but to update us soon with what 2018 will look like in terms of purchases. While I don't believe this changes at all the content of the news and only impacts the timing of its delivery, the euro is lower in response and that in turn is what's lifting European bourses. As to what month we get the news, Reuters said that according to these sources, "October is the likely date for the most substantial decision given the incoming data schedule, particularly on wages." You can now all start your summer vacation now instead of waiting until August 25th.

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