Doug Kass

Weekend Reading: Losing Faith?

"With President Trump embroiled in one entanglement after another and constrained by a deeply partisan legislature, the ability of the Administration to pass legislative agenda seems to be fading... along with investor 'faith' that they will."

Weekend Reading: On A Cliff's Edge

"...Unfortunately, in the financial markets, irrationality historically prevails and very few investors survive the fall..."

Congress Begins To Ask If Amazon Is Getting Too Big, Antitrust Hearing Called

Is Amazon getting too big? While that question has yet to be formally asked by the US government, on Friday we got a hint that it may be next on the agenda after the top Democrat on the House Antitrust Subcommittee, David Civilline, voiced concerns about Amazon's $13.7 billion plan to buy Whole Foods Market.

Weekend Reading: Oil & Retail Send A Warning

There are two important areas of the market that have historically been good leading indicators of the strength, or weakness, of the markets and the economy... Oil and retail.

Coming Apart: The Imperial City At The Brink

"...here in the imperial city in Washington DC, is that it is absolutely hollowed out... it is incapable of offering anything to its own people, the American people ... I think we have reached a point where there is no possibility of revival within the current system that exists. The current system is set upon ... is determined to eat itself out in a kind of civil war that is coming, and at the end of that, it will be done, will be finished..."

Stockman: Orange Is The New Black (Swan)

"Black swans are supposedly unexpected, stealthy and come of a sudden. But not this one — it is bright orange, and in your face day and night... I refer to the Donald, of course, and the fact that he is truly the Great Disrupter."

Weekend Reading: Charged With Obstruction

No! I am not talking about President Trump but rather the crash in both Technology stocks, and Oil prices, which are obstructing the continuation of the “bull market.”

Doug Kass: Not Even The Algo Creators Know What Is Going On

"The machines have no fear of flash crashes or any other kind of crash. Such crashes might even serve their purpose of 'making a profit'... Be forewarned as last Friday's Nasdaq schmeissing may be a walk in the park compared to what may happen in the future...This is not my Grandma Koufax's stock market."