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
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! […]
Investing Strategy
Doug Kass Bullish on Berkshire Hathaway (after shorting at $140K)
Doug “Right as Rain” Kass is now waaay bullish on Berkshire Hathaway, despite Warren Buffet’s investing “style drift”.
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The Big Picture
Is it a Depression, when SBUX is still in business?
When the smart money is confused….Market is at an inflection point […]