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

 | Jul 21, 2016 | 11:54 AM EDT
Peter Boockvar writes that the Bank of Japan has decided against "helicopter money," while a second Bank of England member isn't enthusiastic about…
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Doug Kass

 | Jul 21, 2016 | 11:29 AM EDT
As Warren Buffett once famously said, corporate executives often "lie like ministers of finance on the eve of devaluation." I'd add that…
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Doug Kass

 | Jul 21, 2016 | 9:55 AM EDT
Peter Boockvar offers his take on rising 10-year U.S. Treasury yields, which I discussed
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Doug Kass

 | Jul 21, 2016 | 9:43 AM EDT
I added small to my short of the PowerShares QQQ ETF (QQQ) in premarket trading at $113.45 a…
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Doug Kass

 | Jul 21, 2016 | 9:13 AM EDT
My Fellow Americans, More Volatility Lies Ahead Animus Infects Society (and Will Hurt Markets) But it's not just the hatred between the two parties and their constituents that has me worried about the market. It's also today's valuations, fundamentals, technicals and unusually optimistic sentiment, as I've also noted in recent months in: The Case for Sitting on Cash in 2016 (parts one and deux) Mo
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Doug Kass

 | Jul 21, 2016 | 8:53 AM EDT
The 10 year U.S. Treasury yield just went over 1.6%. That's 25 basis points above where we were when I called a possible 
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Doug Kass

 | Jul 21, 2016 | 8:08 AM EDT
I added to my small short of General Motors (GM) at $33.35 in premarket trading this morning.…
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Doug Kass

 | Jul 20, 2016 | 2:51 PM EDT
The U.S. dollar again strengthened -- typically a market-unfriendly development. The price of crude oil rallied back from yesterday's loss, gaining 40 cents to over $45. Gold is down $15, breaking toward $1,300, where it broke out to the upside. Agricultural commodities again are under pressure: wheat -7, corn -6, soybean -19 and oats flat. Bonds are weaker. The yield on the 10-year note increased by two basis points to 1.58% and the long bond by three basis points to 2.30%. The 2s/10s spread at 86 basis points -- no change. Municipals are down small and closed end muni bond funds are mixed. Junk was better bid, but not materially so. Banks are up modestly. Same for brokerages (Morgan Stanley (MS) saw weak action off a big beat, same as Goldman Sachs (GS) yesterday) and insurance. Old tech was broadly higher, led by Microsoft (MSFT) . Retail is up. Autos are better. Energy, along with the commodities, are higher, with Schlumberger (SLB) a standout, up almost a beaner. Ag equipment is ignoring the schemissing of ag commodities prices and is flat to slightly lower. Media is weak on the heels of Disney (DIS) downgrade. Biotech is ramping, up three percent. Speculative biotech is stronger, rebounding from recent weakness. (T)FANG resumed leadership, with all components strong. My Trade of the Week, shorting Facebook (FB) , is not working out. In individual securities, Oaktree Capital Group (OAK) is an upside standout, rising more than 2.5%. Here are some value-added contributions on our site today: The market is expensive, but JIm "El Capitan" Cramer sees good signs.  Mark Sebastian on Twitter (TWTR) .  I have recently added. Carley Garner believes the VIX is cheap. I cant agree! Jonathan Heller on avoiding a value trap.  Rev Shark on momentum.
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Doug Kass

 | Jul 20, 2016 | 1:49 PM EDT
Peter Boockvar writes about the most-loved rally in some time: "Investors Intelligence's latest weekly survey for financial-adviser…
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Doug Kass

 | Jul 20, 2016 | 1:25 PM EDT
Gold was down around $13 to about $1,319 at last check, closing in on the $1,300 breakout level.…

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