@realmoney
Feb 14, 2022 | 08:26 AM EST DOUG KASS
Every Silver Lining Has a Touch of Grey
* The top 10 things I am "almost" certain about
* Playing in the investing band incorporates challenges that too many underestimate
* We will get by... and survive
Feb 14, 2022 | 08:26 AM EST DOUG KASS
Every Silver Lining Has a Touch of Grey
* The top 10 things I am "almost" certain about
* Playing in the investing band incorporates challenges that too many underestimate
* We will get by... and survive
We are all playing in the investing band, looking for answers and superior returns.
We light a candle and, sometimes, curse the glare and draw the curtains.
The Grateful Dead's Jerry Garcia sang that he could "tell the future by looking what's in your hand."
We light a candle and, sometimes, curse the glare and draw the curtains.
The Grateful Dead's Jerry Garcia sang that he could "tell the future by looking what's in your hand."
But, despite the uber confidence of many - in both the music and investment management business - today we live in a world of economic, social, and market uncertainties in which the only certainty is the lack of certainty.
I am always in doubt - and often wrong - but here are some of my more confident views:
* The S&P has likely made an important, distributive and broad market top in early January, 2022.
* We are in a trading sardine market and not an eating sardine market.
* The S&P has likely made an important, distributive and broad market top in early January, 2022.
* We are in a trading sardine market and not an eating sardine market.
* We have likely entered a heightened regime of volatility.
* The consensus expectations for U.S. economic and corporate growth are too high.
* The consensus forecasts for inflation are too low.
* The consensus view that supply chain interruptions and logistical issues will
* The consensus expectations for U.S. economic and corporate growth are too high.
* The consensus forecasts for inflation are too low.
* The consensus view that supply chain interruptions and logistical issues will
be arrested by mid-2022 are probably too optimistic.
* Monetary policy has been too expansive for too long.
* The Federal Reserve will likely be more hawkish than most expect.
* When it's time to buy stocks, you won't want to
* When its' time to sell stocks, you won't want to
* Monetary policy has been too expansive for too long.
* The Federal Reserve will likely be more hawkish than most expect.
* When it's time to buy stocks, you won't want to
* When its' time to sell stocks, you won't want to
The irony was not lost on me that it was my birthday on Friday, February 11.
The irony was not lost on me that on Saturday, February 12, 1969, I both attended my first Grateful Dead concert at the Fillmore East in NYC (I ultimately was present at 76 more concerts!). Janis
The irony was not lost on me that on Saturday, February 12, 1969, I both attended my first Grateful Dead concert at the Fillmore East in NYC (I ultimately was present at 76 more concerts!). Janis
Joplin was there, though she only sang three songs as I recall but the last one was... Piece of My Heart!
As well, the irony was not lost on me that, also on that date, on Saturday, February 12, 2022, I was interviewed by Randy Forsyth in Barron's.
Bottom Line
As well, the irony was not lost on me that, also on that date, on Saturday, February 12, 2022, I was interviewed by Randy Forsyth in Barron's.
Bottom Line
More than ever, watch each investment card you play, play it slow and be thoughtful.
For there is a road, no simply highway, between the dawn and the dark of night. @tomkeene @ferrotv @jimcramer @threadreaderapp unroll #SPY
For there is a road, no simply highway, between the dawn and the dark of night. @tomkeene @ferrotv @jimcramer @threadreaderapp unroll #SPY
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