When you think of Doug Kass you probably think of somebody who’s pretty bearish. He's certainly been negative on the market since summer.
Well that's changed.
Kass, who is President of Seabreeze Partners and famed for his market timing, told Fast Money on Friday that his outlook for stocks has changed – a lot.
He called the current decline in the market an opportunity “much like we saw in the summer of 2010,” when stocks surged on talk of QE.
This time he believes the catalyst will be much more surprising – he thinks Congress will put aside partisan differences and reach a compromise on the "fiscal cliff", that is, the series of automatic tax hikes and spending cuts that will start to take effect early next year unless lawmakers agree on a less austere way in which to address the debt. |
发表于 2012-11-18 16:12
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