Yesterday , he told us which stocks to buy after the pull back comes.
Today strategic investor Doug Kass reveals which stocks to short ahead of the sell-off - and make no mistake, he's convinced it's coming.Famed for his market timing, Doug Kass, who is president of Seabreeze Partners and a CNBC Contributor , has been garnering a lot of attention lately, largely because he’s convinced that the next big move in the market is lower.Kass points to a string of negatives:
- “It rarely pays to buy stock when 85% of the S&P trades above its 50-day moving average as is the case today.” - "The market also tends to decline when only a small number of S&P stocks are oversold, again the case now." - Historically stocks don't perform well when 10-week moving average of gasoline prices rises. “At the rate they’re moving now– historically it has not paid to own stocks.”Page 1 of 4 | Next Page