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

Here is a good summary of the prices of a broad list of asset classes from last night and early this morning. (Hat tip Zero Hedge)

Takeaways and Observations Real Money Pro($)

"Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria." -- Sir John Templeton 

Cock-a-Doodle-Dud Real Money Pro($)

The Russell isn't crowing today.
I covered one-third of my day trade and short rental in SPDR S&P 500 ETF (SPY) at $236.18 -- will close out the balance of this tranche by day's end.
Following the FOMC minutes, bond yields reversed back down -- after rising before Fed comments. The 10-year yield is at 2.415%, a drop …

The Fed Is Talking My Book Real Money Pro($)

The Fed talks my book from my opening missive:   "A few participants commented that the recent increase in equity prices might, in…
Longer on  Hartford Group (HIG) and Campbell Soup (CPB) today. Other than the (SPY) short rental, I am quiet.

More Soup for Me Real Money Pro($)

Campbell Soup (CPB) has given up its $0.60 gain from the morning high and I am back buying at $58.97.

Recommended Reading Real Money Pro($)

  Jim "El Capitan" Cramer's piece, "Buyers for Bristol-Myers Are Few and Far Between,"  provides a healthy amount of skepticism and c…
Stocks churning as they await FOMC Minutes at 2:00 p.m. ET. Trading volume is down 20%, as traders sit on sidelines.

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