Doug Kass: Bull Market or BS?

By on October 28, 2009

Doug Kass was on CNBC and said we wouldn’t see 666 again on the S&P 500 in our lifetimes.

Kass says there is too much optimism now though and we’ve probably seen a top in the S&P 500 for this cycle. Short term technically he sees deterioration adding we’ve had four failed rallies. Kass sees the market as being 5-12% overvalued.

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