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

 | Dec 7, 2016 | 11:05 AM EST
I shorted iShares 20+ Year Treasury Bond ETF (TLT) December (monthly) $120 puts at $1.90 on Monday. I just covered a…
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Doug Kass

 | Dec 7, 2016 | 10:46 AM EST
This week's Subscriber Comments of the Week are an exchange I had yesterday with one of my favorite subs and great analyst, Kim G. The discussion was…
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Doug Kass

 | Dec 7, 2016 | 10:36 AM EST
The vicious rotation continues. Today's strength continues to be seen in banking and retail while big pharma and biotech are wrecks. …
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Doug Kass

 | Dec 7, 2016 | 10:23 AM EST
This week I introduced a new feature, "For Traders Only": For Traders Only DEC 5, 2016  11:01 AM EST Stock quotes in this…
RMPIA
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Doug Kass

 | Dec 7, 2016 | 8:42 AM EST
Apple (AAPL) remains my largest obsidian equity short, having added consistently as it neared the top end of my risk…
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Doug Kass

 | Dec 7, 2016 | 8:32 AM EST
I often am in wonderment about how The Lindsey Group's Peter Boockvar and I are on the same page on many subjects. In today's commentary, my pal even…
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Doug Kass

 | Dec 7, 2016 | 8:01 AM EST
Without commenting on right or wrong, the recent attacks on United Technologies (UTX) and Boeing (BA) introduce a degree of business uncertainty and potential market volatility. Trump's rejection of Friedrich Hayek's economic principles, which are based on as little arbitrary interference as possible and staying away from picking winners and losers, and instead favoring what appears to be the adoption of "crony capitalism" -- so foreign to the beliefs of many Republicans and Democrats -- in time can be market-upsetting/unfriendly and could lead to difficulty in implementing policy. The baton pass from monetary to fiscal stimulation seems likely to be less seamless than the consensus assumes. Donald Trump is no Ronald Reagan. (More on Monday.)  According to Goldman Sachs, policy uncertainties are great while financial conditions are tightening.  The Bull Market in Complacency as measured by investor sentiment (bullish) and the VIX (low) is intact and even is strengthening in the last 10 days. The crowd, certain in a bullish view, is now uniquely well-defined. Fear and doubt have been driven from Wall Street. Not only is sentiment moving toward the bullish extreme, but so are the talking heads in their self-confident and bullish banter. Interestingly, many had the poop scared out of them at the thought of a Trump election victory.  Markets are technically overbought. With fear nearly nonexistent, the ratio of reward versus risk (upside/downside) may have shifted unfavorably for investors. The current setting seems to be a classic point of time to embrace the contrary and fade the consensus on volatility.  Stay tuned for my volatility trades. I am trying to time a good entry point and chose the proper vehicle to accomplish my trading goals.
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Doug Kass

 | Dec 7, 2016 | 7:46 AM EST
From Knowledge@Wharton, "Can Trump - or Anyone - Bring Back American Manufacturing?"…
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Doug Kass

 | Dec 7, 2016 | 7:30 AM EST
Donald Trump with be on the "Today Show" at 7:30 a.m. ET today. …
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Doug Kass

 | Dec 7, 2016 | 7:22 AM EST
Here are Bill Gates' four favorite books (and an honorable mention) that he read this year.…

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