Profile image
By BARRACUDA (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

Doug Kass Is Worried About Q4.

Tuesday, September 4, 2012 14:07
% of readers think this story is Fact. Add your two cents.

Sam Ro|Sep. 4, 2012

doug kass


Doug Kass

Legendary investor Doug Kass just cut his fair market value estimate on stocks.


“To summarize, in large measure, the worsening macroeconomic situation in Europe, China and the U.S. is leading me to modestly reduce my calculation of the S&P 500′s fair market value from 1,415 to 1,390, which is about 1% below the cash level at Friday’s close of trading (1407),” wrote Kass for Real Money Pro.

Among other things, he increased his odds of “sub-1.5% 2013 real growth from 40% to 55%,” which is his new baseline scenario.

In the more immediate term, Kass is worried that a number of things could mean trouble for that economy. Even worse, he thinks that any help from the Fed could do more bad than good. From

I am concerned that, come the fourth quarter of 2012, the emerging freeze in capital spending orders will reverberate through the production channel and become a freeze on job creation, creating a rippling and negative impact on domestic economic growth. And, while the Fed chairman “has our back,” I am less optimistic that most that the Fed’s actions will result in the intended benefits.

We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Top Global


Top Alternative




Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.