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Matt 2, Doug Kass 0

I 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 market.

Last night, I went to great lengths to talk traders out of buying into Tuesday’s “rally”. I also spent time in the comments trying to dissuade my readers. I sure hope you people were listening…

This morning, Doug Kass posted a piece on RealMoney.com titled: “Look for a Rally” which he started off with: “I now expect a rally in equities.”

Kass, once again, got it exactly wrong.

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This entry was posted on Wednesday, July 2nd, 2008 at 4:33 pm and is filed under Investing. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

4 Responses to “Matt 2, Doug Kass 0”

  1. visuall says:
    July 2, 2008 at 9:33 pm

    Hello Matt – Glad I had stops in today…hehe Thanks again!

    visuall

  2. admin says:
    July 2, 2008 at 9:45 pm

    Hi visuall,

    You’re welcome.

    Matt

  3. Tony G says:
    July 7, 2008 at 7:55 am

    Matt, another excellent write-up. only way i see a rally is if oil suddenly plummets.

  4. admin says:
    July 7, 2008 at 5:20 pm

    Hi Tony G,

    Thanks; glad that you liked it.

    I have been saying that a plunge in oil will not help stocks, and we got some hard evidence for that today. This recession will not go away no matter what oil does.

    Matt