Doug Kass says might be time to buy

Quote from S2007S:

Exactly, all small investors who haven't put much of anything into this market over the last 11 months are now taking notice once again how volatile this market can be, I know a few people in the market who gained most of their losses back that say once they break even they are getting out for good, there are some who sold in early 2009 that will probably never come back into the market, only way is probably if the markets were to fall 50% from here. These baby boomers that are retiring will NOT risk anything in this market knowing how backwards this economy is right now.
More...

Yeah, I did that after making back the losses from 1987, and stayed out until my business fell apart after 9/11. Those can be ugly lessons and it can take decades or a lifetime to get over the fear of a repeat. I was forced into gambling for a living. It wasn't by choice.
 
Quote from Ghost of Cutten:

I have a question - how can a longer-term player like Kass be bearish at 1125 and bullish at 1050?
More...

Its pretty obvious that he's talking his position. And wants to sound like he has fundamental reasons for his call, so he'll come up with a bunch of reasons to support his current short term view, and ignore his previous bearish points. He's just market timing and trying to buy a dip and sell on strength a few days later.
 
this is my last note on the clown they call doug kass. . follow his twitter sometime. the other day he says he bought gld and 1 day later he says he sold. HE'S BASICALLY DAY TRADING FOR 1-2 DAY HOLDS. DO YOU REALLY WANT TO LISTEN TO A GUY WITH A TERRIBLE TRACK RECORD WHO'S DAY TRADING?
 
i have to ask. do some of you guys even trade? what the hell is this fair valuation talk. there is no such thing as fair valuation. valuation is subjective.
kass is simply trading market sentiment.
 
You must log in or register to reply here.
Back
Top