This guy actually predicted this last year:
http://www.cnbc.com/id/40300159
"Kass thinks terrorists send investors scrambling â not with guns or bombs but using the Internet as a weapon. He tells the desk âI believe cyber crime is going to explode exponentially next year as the web is invaded by hackers.â
And he thinks they target the foundation of capitalism.
âI think we see a specific attack on the NYSE,â he says. âThe aftermath will have a profound impact and cause a week-long hiatus in trading as well as a slowdown in travel.â Yup, you read that right â a week long hiatus in trading.
How do you prepare for something like that?
âIâd make sure to have a large amount of cash in my portfolio,â he says.
We know that's a rather startling prediction, and in all fairness Kass divides his predictions into 2 categories possible and probable. Although he didn't say, we're guessing this one lies squarely in the possible (but not probable) category and investors should take it with a grain of salt.
However, when Kass speaks we listen - largely because heâs had an uncanny track record for being right.
Less than a week before the S&P 500 hit a generational low of 676 on March 9, 2009, Kass went on CNBC and predicted the bottom. Also, on July 6, 2010, he said the market had made its lows for the year and so far, that has also proved to be true."