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

"Stock-market bear Doug Kass, president of Seabreeze Partners Management, thanks investors for their 'complacency and absence of fear, their unnatural confidence, and faith in our central bankers' policy of maintaining abnormally low interest rates — all of which have elevated stock valuations and provided fertile short-selling opportunities for 2016.'

From The Street of Dreams Real Money Pro($)

Start of Fed hikes was typically not a problem, but this time around the move is coming rather late in the cycle. Could Fed end up behind the curve? On P/Sales metric, equities are trading at the top of the historical range. And this is not on depre
Breadth is lagging. We have narrow, large-capitalization leadership. Almost 55% of the small-cap universe is 20% off of its highs. We've seen more new 52-week lows than new 52-week highs over the past 15 trading days. A change in the technical picture would require higher volume and much better breadth over the next several weeks. That could happen, but only if lagging and depressed market sectors join the upside and small-cap indices (which are showing some signs of life) extend their recent gains. However, I still believe that the bull market is long in the tooth. Coupled with my perception of eroding fundamentals, stocks' extreme bifurcation into opposite-trending extremes suggests a low probability of strengthening equities prices. If you simply look at the headline large-cap indices, you're missing the real story. Unless you're invested solely in the SPDR S&P
| Nov 30, 2015
| 10:06 AM EST
Sell equities, buy credit (investment grade and high yield)? Food for thought.
| Nov 30, 2015
| 9:45 AM EST

The Monetary (Market) Take Real Money Pro($)

"The long period of indiscriminately buying any dip might be coming to an end. ...
"When you lost 'some' subscribers it can be overlooked. But when your subscribers go to 92 million from 99 million in two years, as have ESPN's for Disney (DIS), then you've got a front and center problem.

Recommended Reading Real Money Pro($)

The Guardian says Black Friday U.S. retail sales fell 10% from last year's levels, but Reuters quotes different data as showing just a 1.5% drop for Thanksgiving Day and Black Friday combined.
| Nov 30, 2015
| 7:04 AM EST
1. "Some Important Reads" 2. Kass Katch of the Week - Short Disney 3. My Technical (Market) Take 4. My Fundame...
| Nov 29, 2015
| 6:25 PM EST
1. Kass Katch of the Week - Short Disney 2. My Technical (Market) Take 3. My Fundamental (Market) Take 4. Barr...


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