![]() ![]() Doug Kass is the president of Seabreeze Partners Management Inc. Must Read: Strange Investments Buffett, Soros and Other Billionaires Made Last QuarterĮXCLUSIVE OFFER: See inside Jim Cramer’s multi-million dollar charitable trust portfolio to see the stocks he thinks could be potentially HUGE winners. At the time of publication, Kass and/or his funds were short AAPL, although holdings can change at any time. Such narrowing of the market is typically an unhealthy condition - but there's nothing "typical" about this market at all. The iShares Russell 2000 ETF is down 0.67% today and the S&P has flatlined, but the Nasdaq 100 is the "World's Fair." And the Nasdaq's sharp rise is occurring with more decliners than advancers. I heard someone in the business media earlier today dismiss the Russell 2000's weakness as noise. Twitter catches a bid in a Nasdaq that is en fuego. In my mind, that confirms my decision to sell in May. ![]() Gold has moved irregularly lower since my sale (it's now under $1,200 an ounce) - and if I were still long on GLD, I'd have had no clue what to do here on the metal's weakness. ![]() I got a lot of pushback on my gold sale back in May (principally from technicians), but I feel comfortable with my fundamental decision. Well, GLD is trading this morning at around $110.75. I had a "protection policy" of holding gold through the SPDR Gold Shares ETF back in February, but sold this hedge in May at about $116.50. Next scene is young Bethany, on the verge of going pro, having just won. Doug Kass 10:38 AM EDT This article originally appeared on. Doug's Daily Diary, Sold Gold (May 13, 2015) If Soul Surfer werent based on a true story, audiences would never believe it. Doug Kass: Protect Yourself as 'The Big Short' Draws Near The current chaos has enveloped more than global equities. Seabreeze Partners Management and write Dougs Daily Diary for TheStreets Real Money Pro. tambin ofrece servicios de inversores de suscripcin que incluyen RealMoney RealMoney Pro. Real Money Pros Doug Kass on the Market: Sell Any Strength. My "protection" in the future is to be short SPY!" Adems de las noticias y el anlisis financiero, TheStreet, Inc. I just sold the position at around $116.50, up $2 on the day (to break even). (Nasdaq: TST), a leading digital financial media company, today announced that it has signed prominent. I couldn't answer his question in an intelligent manner. TheStreet Signs Doug Kass to New Long Term Agreement /PRNewswire/ - TheStreet, Inc. At a breakfast meeting this morning with an investor, the investor asked me why I have a long position in gold. ![]()
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