Are We Headed for Inflation? Deflation? Stagflation? Try “Screwflation”, Kass Says

While the 1970s were marred by “stagflation”, money manager and columnist Doug Kass says the U.S. is now being hit by “screwflation” — that is, the combination of inflation and the “screwing of the struggling middle class”. “While the U.S. economy, in real terms, has more than doubled in the past 30 years and corporate profits will soon attain a new peak, median real wages have made little recent progress, and surging food and energy… Read More

Kass Grows Cautious

Columnist and money manager Doug Kass says that while more and more investors seem to be jumping on the bullish train, he’s getting more bearish. “Despite nearly no one willing to fight the very strong tape, I am growing increasingly cautious on fundamental grounds and on technical (and “feel”) grounds,” Kass writes on TheStreet.com. “Color me more bearish as I feel more willing to expand my short exposure — and I am putting my portfolio… Read More

Kass Turns More Bearish

Columnist and money manager Doug Kass, whose track record of market calls in recent years has been very strong, says a variety of factors have him turning more bearish. “Within the context of an overbought and overloved equity market, the rapidity of the rise in interest rates is but one of the accumulating factors that will likely weigh on stocks in the weeks ahead,” Kass writes on TheStreet.com. He says that the Federal Reserve’s latest… Read More

Kass on Ceilings and Floors

Columnist and money manager Doug Kass is standing by his earlier call that the S&P 500 has hit its high for the year, but says current conditions make for a “fertile environment” for stock-pickers and traders. “My guess is that the risk/reward has tilted slightly more positive based upon the strength of the domestic economy coupled with the several percentage point drop in the markets over the last few weeks,” Kass writes on TheStreet.com. “The… Read More

Kass Sees Market Topping

Columnist and money manager Doug Kass has made some solid calls on the market’s movements in recent years, and now he thinks the market is topping out. Kass tells CNBC that he’s skeptical that the Federal Reserve’s latest round of quantitative easing will have the impact many are hoping for. He adds, however, that he thought the market topped about 50 or 60 points ago on the S&P 500, and the index has continued to… Read More

Kass: Time to “Re-Risk” Is Near

Money manager and columnist Doug Kass, who has made some very good calls in the past couple years, is getting “longer” on stocks. “I think it’s approaching a time to re-risk,” Kass tells CNBC. “If the market continues to decline, I will expand the long book further.” He says he’s buying financials, including Bank of America and “a lot” of Citibank. He also says he likes JP Morgan because of its credit quality. Kass says… Read More

Kass Still Net Long, But Worried

Columnist and money manager Doug Kass says he’s still slightly net long, but has some significant concerns about where the economy and stocks are headed. Kass tells CNBC that he wouldn’t get caught up in the market optimism that has grown in recent weeks.

Kass: We’ve Hit 2010 Lows

Money manager and columnist Doug Kass, who made a bold bullish call just days before the March 2009 rally began, now says he thinks we’ve seen the end of the recent market decline. Kass tells Yahoo! Tech Ticker that just as things weren’t as good as they seemed two months ago, they aren’t as bad as they seem today. He says the markets are “traveling on a path of fear”, and that  share prices have… Read More

Kass: Volatility Distracting Investors from Positives

Columnist and money manager Doug Kass tells CNBC that the recent market turbulence is distracting investors from good news about the U.S. economy, and that high-frequency trading has “so screwed up the market that you can throw out all technicals”. Kass says that while there are fundamental headwinds, the market is offering a strong 8% earnings yield — far above Treasury yields — a good sign. He expects the S&P 500 to trade within a… Read More

Kass Sees Big Opportunities in Big Banks, “Bumpy Road” for Broader Market

Back in March, we highlighted the bottom call and bullish turn made by TheStreet.com columnist, money manager, and longtime bear Doug Kass. Today, Kass tells Yahoo! TechTicker that he thinks many big bank stocks could double or triple over the next few years, though he expects a bumpy road ahead for the broader market. The key for banks, Kass says, is that the spread on the interest rates at which they lend out money and… Read More