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

 | Jan 29, 2015 | 8:31 AM EST
Treasury yields collapsed to all-time lows. Crude followed suit. The FOMC was upbeat.  Yet the S&P Index dropped by nearly 1.4% and the Nasdaq (up by 30 handles earlier in the day), closed down by 45 points. Volume rose during the afternoon correction, a discouraging sign for the bulls as volatility moved sharply higher (+18%). It was an 87% down day and the second-worst breadth day in five weeks. And it was the first back to back down 1% for the averages since the breakdown in October 2014. While last year the month of January was down and Mr. Market turned higher in February, it might not be so easy this time in 2015. With the exception of bond-equivalent groups, there is no leadership. Financials are conspicuously weak. Multinational large-cap (S&P 100) has underperformed since mid-October. It is time to even question the legendary producer and deliverer of more cowbell, Bruce Dickinson, for the good times may really be over. "Easy guys. I put my pants on just like you guysOne leg at a time.Only once my pants are onI make gold records." -- Bruce Dickinson Yes, that Bruce Dickinson.
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Doug Kass

 | Jan 29, 2015 | 8:06 AM EST
If you want to be short innovation, buy IBM's (IBM) stock. (Hat tip Stanley Druckenmiller) If you want to be long opaque, buy Ali…

POT

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Doug Kass

 | Jan 29, 2015 | 7:38 AM EST
Potash is trading to a new high in premarket trading after a eight percent hike in the dividend late yesterday.
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Doug Kass

 | Jan 29, 2015 | 7:26 AM EST
Odd place Los Angeles. Odd place Mr. Market. See opener. And good morning.
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Doug Kass

 | Jan 28, 2015 | 3:54 PM EST
There is $1 billion to sell market on close.…
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Doug Kass

 | Jan 28, 2015 | 3:02 PM EST
I paid, on average, $37.80 for Twitter this afternoon. I replaced the shares I recently sold. The MSFT
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Doug Kass

 | Jan 28, 2015 | 2:47 PM EST
I have not covered any of my ETFs put on in premarket trading. I have added to my net short exposure further. If it wasn't for the fact that I am…
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Doug Kass

 | Jan 28, 2015 | 1:53 PM EST
Me
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Doug Kass

 | Jan 28, 2015 | 1:06 PM EST
More from Sir Arthur Cashin. Market continues to be self-absorbed.  Some traders point to judge's Fannie Mae comments for bounce but general…
By

Doug Kass

 | Jan 28, 2015 | 12:37 PM EST
My plane's WiFi is in and out. Doesn't look like I missed much, though Mr. Market has rallied smartly off the lows. Just watchin'.…

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