Doug Kass

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Doug Kass is the president of Seabreeze Partners Management Inc.Expand

Until 1996, he was senior portfolio manager at Omega Advisors, a $6 billion investment partnership. Before that he was executive senior vice president and director of institutional equities of First Albany Corporation and JW Charles/CSG. He also was a General Partner of Glickenhaus & Co., and held various positions with Putnam Management and Kidder, Peabody. Kass received his bachelor's from Alfred University, and received a master's of business administration in finance from the University of Pennsylvania's Wharton School in 1972. He co-authored "Citibank: The Ralph Nader Report" with Nader and the Center for the Study of Responsive Law and currently serves as a guest host on CNBC's "Squawk Box."Collapse

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Doug Kass

 | Aug 24, 2016 | 10:08 AM EDT
JCPenney (JCP) briefly broke $10 to the downside this morning. Given what I see as a favorable risk vs. reward at these…
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Doug Kass

 | Aug 24, 2016 | 9:55 AM EDT
Peter Boockvar checks out U.S. mortgage applications, stretched bullish investor sentiment, a higher LIBOR and more this morning: "A day after we…
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Doug Kass

 | Aug 24, 2016 | 9:49 AM EDT
Be forewarned -- as I mentioned yesterday, the hot weather that we're seeing in much of America could dent retailers' third-quarter results. That…
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Doug Kass

 | Aug 24, 2016 | 9:14 AM EDT
My love of baseball is well-known to regular readers (it doesn't hurt that my cousin is Hall of Fame pitcher Sandy Koufax, who was one of the game's…
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Doug Kass

 | Aug 24, 2016 | 8:54 AM EDT
It looks from my perch like the schism between financial-asset prices and the U.S. real economy is growing ever wider. For example, we got word…
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Doug Kass

 | Aug 24, 2016 | 8:46 AM EDT
Regular readers of my diary know that I sometimes post something that replicates the theme of the Tell Me Something I Don't Know segment on…
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Doug Kass

 | Aug 24, 2016 | 8:36 AM EDT
It's been a challenging year for active-fund managers, with JP Morgan reporting that just one-third of fundamental funds and about a quarter of…
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Doug Kass

 | Aug 24, 2016 | 8:02 AM EDT
I believe that the U.S. presidential election's course will likely increasingly impact our markets as we move closer to November, and I use…
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Doug Kass

 | Aug 23, 2016 | 3:29 PM EDT
The U.S. dollar weakened. The price of crude oil rose by about 65 cents to over $48 a barrel. Gold flat-lined. Ag commodities were schemissburger: wheat -7.5, corn -5, soybean -3.5 and oats -2. Lumber +1. Bond prices and yields were unchanged. The 2s/10s spread moved one basis point to 80 basis points (it fell yesterday). Municipals were unchanged; same for closed-end muni bond funds. But the high yield bond market rallied, and Blackstone/GSO Strategic Credit Fund (BGB) moved up by 12 cents. Banks continue to hold on to large gains. Same for brokerages. On the other hand, insurance was mixed. Retail was the world's fair, led by Best Buy (BBY) , Nordstrom(JWN) , Home Depot (HD) and Nike (NKE) . Autos were flat. Energy stocks generally ignored higher crude prices. Ag equipment is still hot. Staples were mixed. Biotech flat-lined but there was movement within the group. Old tech was nada. (T)FANG was better, led by Tesla (TSLA) and Netflix (NFLX) . Here are some valuable contributions on our site that were worth mentioning: Jim "El Capitan" Cramer on what we learned from last year's Eve of Destruction.  Tim "Not Judy or Phil" Collins on his intrigue with gold now.  Ben "Goldfinger" Cross goes all Tina Turner on us.  "Retail" Ben Sozzi writes not to buy Best Buy's hype. Tom Graff is on Yellen watch. 
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Doug Kass

 | Aug 23, 2016 | 2:24 PM EDT
Nearly to a soul -- with the exception of the perma-bull cabal -- my bearish, neutral and mildly bullish friends are all frustrated by the absence of…

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