Tuesday, August 14, 2012

Doug Kass: Beware the Dreaded Triple Top

Dreaded? Ha! I laugh at dread.
[You learned nothing from the Valley of the Shadow of Death Estates foray? -ed]
From CNBC:
The S&P 500 is forming an ominous pattern right now that is causing notable hedge fund manager to get short the market right now.

According to Doug Kass, the president of Seabreeze Partners and a CNBC Contributor, there are a slew of disquieting technical signals emerging and they all suggest to him that the S&P [.SPX  1405.77    1.66  (+0.12%)   ] wants to trade lower....MORE