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Dougie Kass

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12 Feb

@realmoney

Up on @realmoney
Feb 12, 2021 | 08:45 AM EST DOUG KASS
We All Live in Cathie Wood's World! (But That Could Change Quickly)
* In this market cycle, ARK Invest is at the forefront of investing in disruptive technology

* But I hear the echoes of the "Nifty Fifty Era"

and The Dot.com Boom in today's current market conditions

* ARK is not the first to shoot lights out in the market and to gain massive assets under management

* We should look at the bank trust departments in the late 1960s/early 1970s and the Janus Funds

(especially the Twenty Fund) during the dot.com era to remind ourselves of boom/busts in money management

* ARK may be an intriguing short for those that believe stocks (and technology in particular) are currently overpriced

In every stock market cycle there

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Dougie Kass

@DougKass

9 Feb

@realmoney

@realmoney

Feb 09, 2021 | 12:20 PM EST DOUG KASS
Contrary to the Conventional View, the Case for Short Selling Has Improved
* The unfolding of recent events has created an abundance of short selling opportunities

Bull Markets emerge from adversity and bad news, while bear

markets are borne out of prosperity and good news.

So it is with investing methodologies and styles.

To wit, I can't remember when short selling was such a target as today.

And I can't remember - given the market's structural profile and economic/profit uncertainties -

when the opportunities to short have been so attractive.

It is my view to be greedy when others are fearful (of the short side) especially with the apparent distortion between current share price levels and my calculation of "fair market value."

Frankly, when hedge hoggers

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Dougie Kass

@DougKass

9 Feb

@realmoney

Coming up on @realmoney an interesting angle on the market meltup not discussed widely...

The Virtuous Cycle of Passive Investing - A Winter's Ball

* The teutonic shift from active to passive investing is an under appreciated reason for the recent market meltup
* Passive

investing has resulted in a massive buyer that is materially insensitive to price and indifferent towards fundamental analysis
* Passive inflows are "stickier" than active inflows - this helps to reinforce the (recent) virtuous market cycle and explains the steady surge in prices

* Passive investing, when accompanied with a period of constant product inflows, reduces the markets' "float" and supply of equities
* Lowered floats (and a reduced supply of equities) combined with unprecedented liquidity-driven demand have been a tasty cocktail that has taken

Read 5 tweets

Dougie Kass

@DougKass

1 Feb

@realmoney

Coming up on @realmoney
A Silver Lining
* I am bullish on the price of silver and gold (and I have large holdings in both)
* This morning silver is +$2.80/0z (or +10.4%) to $29.73oz!
* In my "15 Surprises for 2021" I predicted that silver would outshine both gold and bitcoin

- rising to over $50/0z

"Surprise #7 A Decline in the U.S. Dollar Spurs an Advance In Gold (to $3,000/oz) and a Ramp of +50% in Bitcoin (to $40,000) - But Silver Is The Big Winner As It Doubles to Over $50/oz - Over easy policy, excessive liquidity, higher inflation and a rapid

rollout in the Covid-19 vaccine powers the prices of cryptocurrencies and precious metals higher. Silver, however, is the league leader as the rapidly rising demand for silver in industrial applications creates a supply crunch late in the year. Another challenge on the supply

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Dougie Kass

@DougKass

31 Jan

@realmoney

Coming up on @realmoney tomorrow

The Bitter Irony Is That A Stock Named GameStop May Stop The Game

* Too many traders speculating today are throwing "Hail Marys" in their parents' basement - thinking that they will become the next Tom Brady.
* Bubbles rarely resolve themselves

@jimcramer

without inflicting alot of financial damage -this will likely be no different than the collapse in the last 3 speculative cycles.
* 'We have met the enemy and he is us.'
* I remain very negative on the market outlook and I am now in a short and hold phase. @jimcramer @tomkeene

@carlquintanilla

@carlquintanilla @riskreversal @SullyCNBC @bobpisani @andrewrsorkin @beckyquick @saraeisen @herbgreenberg @convertbond @riskreversal @scottwapner @ferrotv

Read 5 tweets

Dougie Kass

@DougKass

29 Jan

@realmoney

@realmoney @SquawkCNBC @andrewrsorkin @tomkeene @jimcramer @SaraEisen

Jan 28, 2021 | 06:08 PM EST DOUG KASS
Here's a Ludicrous Idea
My Ludacris -- ludicrous -- forecast is that either Citadel or JPMorgan (JPM) takes over Robinhood and pays off their (GME) trading losses.

Jan 28, 2021 | 05:29 PM EST DOUG KASS
My Two Bits: Will This Be the Arrow That Kills Robinhood?
While I promised not to discuss ideology with regard to Reddit, Robinhood and the retail investors' trading platforms ... I highly suspect that the bulk of (GME) buying was large funds

, watching the private boards and then piling on.
Robinhood is toast, in my view. Dead.
Stopping clients overnight from buying and only allowing them to close positions? Those that just bought a few hours or days before? Guaranteed losses. Cue a lot of lawyers. I'll take the

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