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Doug Kass: Market Has Made Low For Year

July 07, 2010
Seabreeze’s Doug Kass made a bullish call on the stock market tonight. Kass thinks the market has seen its low for the year, echoing his call last year that the market saw its “generational low” in March, 2009.

He thinks the stocks are totally disconnected from the fundamentals and attractive as compared with other risk assets.

He sees the recent economic data that has caused the market decline still suggest economic growth better than 1%.

He sees the S&P 500 trading at 11.5 times next year’s earning but the Treasury bond trading at a much higher multiplier.

He recommends investors pick their investments among the technology stocks for their high beta.

Watch the video (Kass appears about 10 minutes into the video):

About the author:


Mr. Huebscher is the founder and CEO of Advisor Perspectives, a web site and newsletter that provides investment strategy analysis for financial advisors and wealth managers. In 1982, he founded the investment software division of Thomson Financial, where he created the PORTIA product, a portfolio management system for institutional investors. In 1990, he founded Hub Data, a market data redistribution service, which he sold to Advent Software in 1998. He has also worked in the account aggregation field, as a consultant to both vendors and wealth managers. He is a graduate of the Harvard Business School (1982) and Connecticut College (1976).

Visit guruek's Website

Rating: 2.4/5 (7 votes)


Evan - 4 years ago
Bla bla bla market volatility.... bla bla bla moving average... ...what a load of sh!t.
Goodvaluehunting - 4 years ago
I really wouldn't put too much stock in anything Kass says. He missed the entire rally up last year after bailing out in the Summer of 09. Read his twitter account, he's pretty much like a coin flip.
Greg Speicher
Greg Speicher premium member - 4 years ago
File this under market noise. In my humble opinion it has nothing to do with value investing.
Hesperian - 4 years ago
Well, now we know why Dougie is Cramer's favorite bear. He's a BINO.

I like a lot of what Kass says, but I think he's just wrong here. I remember he said bought Lehman while that was still around, so he can make colossal errors like everyone else. He never mentioned his Lehman buy again after the bankruptcy, however.

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