Matt 1, Doug Kass 0
Last week, I posted my “No Bottom for XLF” piece where I correctly predicted that XLF’s March low would not hold. If you look in the comments of that post, you will see hedge-fund manager Doug Kass taking issue with my call.
The results? Kass, a star at RealMoney.com and on Kudlow, was crushed. As you are probably aware, XLF plunged through the March low, rallied back a bit on Friday, but still closed below the lowest print on March 17th.
Any other hedgies wanna come get some?
Here is another amusing anecdote: on Monday morning, after JPMorgan downgraded GE, Kass posted:
“Seems to me that as Grandma Koufax used to say, “Dougie, you can’t get killed falling off the curb!” And that phrase might apply to GE, which has been a non-participator in the market’s rally over the last few years.”
Well, there was another 5.8% of curb for GE to fall off of.
Note to Grandma Koufax: Don’t quit your day job!
P.S. I bet heavily on my analysis by shorting the XLF via SKF and made a huge profit.
July 2nd, 2008 at 4:33 pm
[...] recently defeated Doug Kass in combat over whether or not the XLF would hold the March low. And today, we were once again at odds on the [...]