July 19, 2017

Doug Kass attacks the US Federal Reserve


"The Fed is pathetic and its policy-making and economic forecasts historically and routinely are off base. Sometimes, like in the period leading up to The Great Recession, way off base."

via thestreet

July 17, 2017

Peak Amazon ?

The FAANG stocks have been on a long bullish run. But Doug Kass thinks Amazon might be a Sell instead of a Buy. One of the reasons is due to future potential impact from US antitrust law.

"I am shorting Amazon today because I have learned that there are currently early discussions and due diligence being considered in the legislative chambers in Washington, D.C., with regard to possible antitrust opposition to Amazon's business practices, pricing strategy and expansion announcements already made.
If I am correct, word of this could lower Amazon's shares by 10% overnight. And if expansion or pricing prohibitions are attacked for antitrust reasons (or for other reasons), a far more severe market impact is possible."




via www.thestreet.com/story/14227207/1/why-short-amazon-a-possible-bipartisan-antitrust-threat-says-doug-kass.html

July 10, 2017

Reasons July might be the month to sell stocks

The markets continues to trend higher with seemingly everyone bullish on equities. Doug Kass thinks now might be a good time to sell stocks due to a multitude of reasons. He writes on RealClearMarkets,


"After More Than Eight Years Of Monetary Largesse, The Federal Reserve and Other Central Banks Are Taking Away the Punch Bowl: The Fed is raising rates and plans to institute quantitative tightening. 
Valuations Are Stretched: Most valuation metrics are still in the 95% decile, the difference between GAAP and non-GAAP earnings has never been wider, CAPE ratio at the second highest in history, etc. 
Investor Sentiment Remains Bullish; Importantly, Few Fear a Larger Market Drawdown: The consensus is uniformly bullish for the intermediate term.
The Proliferation of Passive Investing (ETFs, Risk Parity etc.) raise the risk of a structural breakdown in the Markets."

July 5, 2017

Doug Kass Bloomberg INTERVIEW 2017



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