Doug Kass Predicts Trump To Withdraw From Presidential Race
Doug Kass, Seabreeze Partners, was on Bloomberg Surveillance several days ago predicting Donald Trump would withdraw from the presidential race. Citing dismal poll numbers, lack of Republican endorsements, limited financing and an impairment of the Trump business franchise from negative press, Kass implied a Trump withdrawal was imminent.
Regarding his current view of the stock market, Kass in an article posted at Real Clear Markets summarizes [link]:
I believe the upward revaluation in price-to-earnings multiples that we’ve seen over the past seven years could soon come to an end. That’s why I personally remain net short in the market.
Back in August 2013, Kass was bearish on the prospects for stocks [link].
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Carl Icahn
November 9, 2016 at 2:04 am
Dumbass