Doug Kass says might be time to buy

[Free Thinker]

Kass: Greed Might Get Good Again:
"We are likely nearing the end of the market's correction rather than the beginning of a bear market."
http://www.thestreet.com/story/10675647/1/kass-greed-might-get-good-again.html

of course his last call to short was way early so take it for what its worth.

 

[makloda]

I can already see the headline.. "bargain hunting"

 

[Free Thinker]

Quote from makloda:

I can already see the headline.. "bargain hunting"

buyers are trying to make a stand here.

 

[Kassz007]

Quote from vhehn:

Kass: Greed Might Get Good Again:
"We are likely nearing the end of the market's correction rather than the beginning of a bear market."
http://www.thestreet.com/story/10675647/1/kass-greed-might-get-good-again.html

of course his last call to short was way early so take it for what its worth.

I was very impressed with his bottom call in March which was almost exact to the very day. But then he turned bearish in the summer of 2009 which was obviously way too early.

 

[wickcity]

Good old Dougie. And how many bottoms did he call incorrectly prior to the March bottom?

Quote from Kassz007:

I was very impressed with his bottom call in March which was almost exact to the very day. But then he turned bearish in the summer of 2009 which was obviously way too early.

 

[Madeoff]

Sounds like his unloading his position ( DO IT!!!)

 

[ralph00]

Nice call.

 

[Daal]

Thats funny given that the market is still above the levels he was already short and bearish

 

[Kassz007]

Quote from wickcity:

Good old Dougie. And how many bottoms did he call incorrectly prior to the March bottom?

None that I am aware of. But who knows?

 

[Kassz007]

Quote from Daal:

Thats funny given that the market is still about levels he was already short and bearish

"Levels" are irrelevant. As conditions change, so do expectations. It is perfectly logical for someone to be a bull @ DOW 12,000 as it was rising but then switch to bear @ DOW 12,000 as it was falling.