Doug Kass says economic turmoil will continue for quite a while, lending credence to the “W” shaped bottom that may develop as stocks dip lower again. Additional headwinds include Obamanomics experiment.Story
The Big Picture
Kass: “George Costanza” Market Now in Backing and Filling; Still Bullish For Summer Rally
Call this the “George Costanza market,” a market that does the opposite of what everyone thought it should have done three weeks ago and might now deviate from a growing view that the market will continue its rise in the weeks ahead. […]
The Big Picture
It’s a Depression (Without Those Tacky Breadlines); Andy Beal’s $30 Billion Bet on Banking
Andy Beal: “Unemployment is going over 10%, commercial real estate hasn’t even begun collapsing and corporate credit defaults are just getting started”. A great time to be buying distressed assets from Vikram Pandit, and Ken Lewis! […]
The Big Picture
Value Investor Jeremy Grantham on “Re-investing When You’re Terrified”
Legendary Value Investor Jeremy Grantham sees big upside market move ahead. […]