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@realmoney Sep 15, 2023 | 03:07 PM EDT DOUG KASS
Minding Mr. Market
* In a nutshell...
My working assumptions - based on my analysis amplified over the last few months in my Diary are:
* The S&P Index has likely topped for the year.
* Stocks are statistically overvalued based
Minding Mr. Market
* In a nutshell...
My working assumptions - based on my analysis amplified over the last few months in my Diary are:
* The S&P Index has likely topped for the year.
* Stocks are statistically overvalued based
on both fundamentals and by the range of historical valuations.
* Credit is more attractive than equity.
* Short-dated Treasuries provide equity-like returns with little volatility and risk.
* Few stocks meet my standard to buy.
* Many stocks meet my standard to short.
* Credit is more attractive than equity.
* Short-dated Treasuries provide equity-like returns with little volatility and risk.
* Few stocks meet my standard to buy.
* Many stocks meet my standard to short.
* The downside risks are substantially in excess of the upside rewards over the next six months. @tomkeene @lisaabramowicz1 @ferrotv @business @carlquintanilla @ScottWapnerCNBC @HalftimeReport @cnbcfastmoney @guyadami @dougkass @threadreaderapp unroll
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