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

 | Mar 31, 2015 | 9:56 AM EDT
I wrote a quick column on markups
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Doug Kass

 | Mar 31, 2015 | 9:48 AM EDT
I am pressing my bond short today. (See my Columnist…
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Doug Kass

 | Mar 31, 2015 | 9:45 AM EDT
My channel checks continue to suggest…
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Doug Kass

 | Mar 31, 2015 | 9:21 AM EDT
This is a must read: my friend/buddy/pal Byron Wien's "Exploring Four…
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Doug Kass

 | Mar 31, 2015 | 9:04 AM EDT
Consistent with short bond thesis (expressed yesterday), I plan to meaningfully increase my Long TBF/Short TLT position in the next few weeks. But...
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Doug Kass

 | Mar 31, 2015 | 8:33 AM EDT
S&P futures are -13. Sell the rips and don't buy the dips! I remain suspicious of all rallies from here, as detailed in yesterday's opening missive, "'Being There' Is No Longer Enough." I remain of the view that we are in a topping process and the recent rise in the Indices to new highs was climactic. Yesterday's markups might have been evidence of the divergence in the strength of energy shares (Chevron (CVX) and ExxonMobil (XOM) up $2+ in the face of a drop in the price of crude oil. Today will be a test in the sector as crude is down another $0.87.  Markups and exaggerated market moves (like yesterday) are made easy by (1) the low level of exchange volume and (2) the increased penetration of momentum-based trading strategies and HFT that serve to dictate price action in a volume void by traditional money managers and reduced retail participation. Seriously Bernanke? Ben Bernanke, Confused as Ever, Starts His Own Blog to Prove It -- from Bill King at the King Report: "Ben Bernanke is now a blogger. His current blog illustrates his remarkable penchant for duplicity, deceit, blame-shifting and contempt for people's intelligence. Why are interest rates so low? "If you asked the person in the street, "Why are interest rates so low?", he or she would likely answer that the Fed is keeping them low. That's true only in a very narrow sense... The Fed's ability to affect real rates of return, especially longer-term real rates, is transitory and limited. Except in the sho
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Doug Kass

 | Mar 31, 2015 | 8:26 AM EDT
Consistent with a theme of Jim "El Capitan" Cramer that Eurozone economies are improving and my short US bond thesis yesterday - there was better...
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Doug Kass

 | Mar 31, 2015 | 7:47 AM EDT
The Gospel According to Peter Boockvar: For all the excitement in global equities yesterday off the comments from the PBOC Governor on the…
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Doug Kass

 | Mar 30, 2015 | 4:18 PM EDT
Good closing piece by "El Capitan" on the nature of buyers these days. I totally agree. As I have recently written, "My experience is that sellers...
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Doug Kass

 | Mar 30, 2015 | 4:07 PM EDT
I have covered my small SPY short that I put on today after the close at about $208.03 for a breakeven on the trade. Back to market neutral.

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