October 15, 2018

Doug Kass expectations for the S&P over the balance of the year

"I remain of the view that the highs of late January, 2018 and in September, 2018 will not be eclipsed over the next 3-6 months. I plan to stay flexible in trading and investment views subject to changing stock prices and fundamentals."

via twitter

October 10, 2018

Thoughts on "tv talking heads"

Doug Kass via twitter

Remember when homebuilders shares were rising earlier in the year - and "talking heads" confidently paraded around said it was a sign of a strengthening housing market?

More lessons learned:  
* Markets are inefficient, fundamental analysis is a guiding star.

* Often charts tell us where we've been not where we are going.

* There are many beautiful charts that lie at the bottom on the sea.

* Hide your portfolios and children from the hubris and self confidence in the business media.

* Pride goeth before fall.  And so do handshakes.

September 24, 2018

Consensus Trades 2019 VS 2018

Should investors listen to the consensus investment ideas and follow the crowed ? Doug Kass outlines what the consensus was last year and this year on twitter.

"The consensus trade as we enter the fourth quarter of this year is that the S&P Index, buoyed by record corporate profits,  is the preferred investment vehicle and will continue to exhibit a spirited climb in 2019."

"The consensus trade as we entered 2018 was that, in light of a synchronized global expansion, emerging markets should be favored over US equities."

September 19, 2018

Bear market in some emerging markets

"The bear market not only can be seen in Intel, Micron and Facebook; it can be seen, as I have cautioned, in other regions in the world. Indeed, the divergence between the S&P 500 Index and the MSCI Emerging Markets Index hit a 15-year high this week. As meaningful and looking out over the last seven years, the S&P Index is up by nearly 180% while the emerging markets are only up 14%."

via realinvestmentadvice