@realmoney
Jun 01, 2020 | 04:39 PM EDT DOUG KASS
Little Green Apples and a Green Tambourine
* The market ended modestly in the green today
* 1968 was truly a golden year for music
The social backdrop is incendiary, the economic and profit outlook are murky, valuations are
Jun 01, 2020 | 04:39 PM EDT DOUG KASS
Little Green Apples and a Green Tambourine
* The market ended modestly in the green today
* 1968 was truly a golden year for music
The social backdrop is incendiary, the economic and profit outlook are murky, valuations are
extended -- but the market continued to steadily improve today, as it has over the last few weeks.
It was a quiet close -- modestly off intraday highs.
Market breadth narrowed to 3-1, still impressive, but half of the robust breadth at the morning's peak levels.
I often write
It was a quiet close -- modestly off intraday highs.
Market breadth narrowed to 3-1, still impressive, but half of the robust breadth at the morning's peak levels.
I often write
that Mr. Market does his best to hurt the most market participants -- and that might be what is happening today and over the last 1-2 weeks.
I am hearing quite alot of excitement and hyperbole about the market from players and "talking heads."
The shorts, much like the Box Tops
I am hearing quite alot of excitement and hyperbole about the market from players and "talking heads."
The shorts, much like the Box Tops
1968 hit, are "Crying Like a Baby." The bulls, are playing their "Green Tambourine" (Lemon Pipers) and acting like they are "Born to Be Wild" (Steppenwolf).
As for me, my "Midnight Confession" (Grass Roots) is that I like my positioning (net short) as my timeframe is not today,
As for me, my "Midnight Confession" (Grass Roots) is that I like my positioning (net short) as my timeframe is not today,
tomorrow or next week.
Though, like The 1968 Temptations song, "I Wish it Would Rain" (sunshine, blue skies, please go away").
Based on my calculus, there is limited value in the Indices at current levels -- as the S&P Index has overshot (by about ten percent) my assessment of
Though, like The 1968 Temptations song, "I Wish it Would Rain" (sunshine, blue skies, please go away").
Based on my calculus, there is limited value in the Indices at current levels -- as the S&P Index has overshot (by about ten percent) my assessment of
underlying value.
"Summertime Blues" (Blue Cheer) may lie ahead.
1968, what a year!
@riskreversal @jimcramer @tomkeene @carlquintanilla @guyadami @terranovajoe @cnbcfastmoney @SquawkCNBC @LizClaman
"Summertime Blues" (Blue Cheer) may lie ahead.
1968, what a year!
@riskreversal @jimcramer @tomkeene @carlquintanilla @guyadami @terranovajoe @cnbcfastmoney @SquawkCNBC @LizClaman
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