Doug Kass is Now Bullish
By Barron Maestro on May 28, 2010
The recent bearish action has Doug Kass believing that rationality is returning to the stock market. He sees profits supporting a bullish trend.
Source: TheStreet
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Anonymous
May 28, 2010 at 4:16 am
Now I care what Kass has to say. But hasn't he been wrong during the 1000-1200 run since last fall? He has been bearish all that time.
fenner
May 28, 2010 at 2:21 pm
Doug has become an excellent contrary indicator. He's in the pantheon, almost as good as the cover of Time Magazine.
stocksystm
May 29, 2010 at 3:25 pm
Yes, Dougie has been wrong the last 6-9 months. Kass appeared to be just playing the odds after a huge increase in stock prices from March through October 2009. However, his analysis is good and he did call the bottom in 2009 to the week.
No one can predict the direction of stocks consistently (see CXO Advisory for examples), but some make a better argument that others and Kass seems to be one of the better ones out there.