Gold Tumbles, Lumber Stumbles: Is This Doug Kass’s Market Bottom?

AGA7d

Doug Kass called bottom last Mar. and he is right. But he failed in calling several top...
Let's see how he does this time.
-AGA-

    * July 1, 2010, 4:15 PM ET


Does this look like the verge of the stock market’s turnaround?

Yields on ten-year and 30-year Treasuries are at their lowest since April of last year; Gold declined today by the most since February, dipping below $1,200 an ounce and closing down 3%; lumber plunged.

All clear deflation signs, usually.

But Seabreeze Capital manager Doug Kass’s Twitter status this afternoon was,

i beleive [sic] today will mark a classic bottom $$

Or maybe it’s just a rebalancing?

Some of this looks like asset reallocation with the beginning of the new quarter, suggests my colleague Randy Forsyth, Up and Down Wall Street Daily columnist. Stocks that yield more than T-bonds suddenly just look too cheap.

There could also be someone dumping their position to raise cash for margin calls or what have you. A bit of the old forced selling.

Of course, that kind of simple thing won’t deter others from finding complex explanations.

ranchgirl

that kind of simple thing won’t deter others from finding complex explanations.

alex68

I believe this "There could also be someone dumping their position to raise cash for margin calls or what have you. A bit of the old forced selling."

I just checked  marjor shareholders of one cargo maker for June, the holding of marjor shareholders are increasing!

In this market, you have to be very picky and buy the right stocks at right price.

alex68

One oil refiner also increased a bit in hands of big shareholders.

ypm968

He made a lot bad calls recently.

AGA7d

Doug Kass 对大盘的方向还是看得准的，但他不是个很好的TIMER。

基本上他熊的时候我多半也熊，他牛的时候我也牛。

爱在雨中

百花齐放百家争鸣