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 27, 2015 | 10:14 AM EDT
Only trades today: continued buying of Citigroup (C) and Bank of America (BAC). Otherwise I am like Chance…
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Doug Kass

 | Mar 27, 2015 | 10:09 AM EDT
I would describe the market's early going as listless and uninteresting. Don't force trades under these circumstances. As for near-term direction, "
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Doug Kass

 | Mar 27, 2015 | 9:09 AM EDT
The Lindsey Group's Peter Boockvar on the central bank drive for inflation:      
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Doug Kass

 | Mar 27, 2015 | 7:52 AM EDT
I expressed in "Staying Real...And Honest" the basis for my short-term wiggles in the market. In would continue to short or sell rallies and I expect the January lows to be tested, but not immediately, but rather in a jagged zigzag manner that provides many opportunities on the long and short side. In "Welcome to the Two-Way Market," I described a changing character and complexion of the U.S. stock market. I moved from very short to slightly net long and then back to market neutral Thursday, covering all of my ETF shorts when futures were down 18 handles yesterday and then going modestly net long before selling some trades out profitably. I am now extremely light on a gross exposure basis. I introduced JPMorgan (JPM) as my Trade of the Week (at $59.04) on Thursday. (Previously, on Monday, Lincoln National (LNC) was the Trade of the Week on the short side. (I suggested covering that trade, down $2 from cost basis). My rationale on JPM (and the banks) reflects the cocktail of relatively low valuations, rising interest rates, improving credit demand (and commercial and industrial loans) and a more normalized slope of the yield curve. I introduced Twitter's (TWTR) Periscope app to subs yesterday (the New York Times highlighted Periscope this morning) which could be a "game changer" for Twitter. Last night, courtesy of the Daily Mail's Jon Steinberg, I watched Neil Diamond's live concert from South Florida. Truly amazing -- you will be reading a lot more about the Periscope app in the weeks ahead as we enter the "selfie culture." Twitter's video opportunity coupled with evidence of renewed strength in advertising forms the basis for my inclusion of the stock on my Best Ideas list. There was a lot of action in futures overnight. While currently down 3 handles, S&P 500 futures were up 9 at the peak early this morning.
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Doug Kass

 | Mar 26, 2015 | 3:57 PM EDT
As of 3:48 p.m. there is $325 million to sell market on close.…
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Doug Kass

 | Mar 26, 2015 | 3:56 PM EDT
This is an interesting chart on sector performance and volume bars, compared to the 20-day average for this time of the day. S&P 500…
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Doug Kass

 | Mar 26, 2015 | 3:35 PM EDT
Disregard my question as I see the Sandisk revenue guidedown was unexpected and not part of a regularly scheduled earnings release. http://www....
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Doug Kass

 | Mar 26, 2015 | 3:14 PM EDT
I feel your pain. We all face this at times. Lord knows I have far too often. That said, as I have written, I dont understand using technical...
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Doug Kass

 | Mar 26, 2015 | 2:31 PM EDT
I trading today well for a change and I dont want to jeopardize my profitabilty on a random last ninety minutes. So, for the day... I am done trading...
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Doug Kass

 | Mar 26, 2015 | 2:22 PM EDT
The market's character is changing. I suspect a market without memory from day to day will be with us for a while, as numerous moving parts to the…

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