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Doug Kass Sees Headwinds to the Stock Market Rally

January 30, 2013 | About:
Dheeraj Grover

Dheeraj Grover

18 followers
Doug Kass of Seabreeze partners was CNBC to discuss his views on the market and where it is headed. Overall he thinks the markets are fairly valued and we have seen this year's high.

-- Thinks high for the year is already made and don't see market moving up from these levels.

-- He thinks markets are ignoring some real headwinds.

-- He sees fiscal and monetary policy as unsustainable and has lost edge in propping up growth.

-- Most vulnerable part of our economy is middle class whose incomes have not kept pace with necessities of life like food, education and insurance.

-- Consumer behavior will be different going forward and that will impact the GDP and the markets.

-- Market is fairly valued and thinks may go down from here at least 6% to 7%.

-- He thinks if he gets any data to revise his growth expectations to higher percentage it will make his thesis change on market.

Credit and source: www.cnbc.com, CNBC

Here is the video. Kass comes in at 2:26 into the video:







About the author:

Dheeraj Grover
I am an individual investor with deep interest in the field of value investing. My ideas and thinking is inspired by highly respected value investors like Ben Graham, Warren Buffett, Walter Schloss, Bill Ruane and Tweedy Browne

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