Thursday, August 18, 2011

Najarian and Kass; Two Bulls for Different Reasons..

CNBC's Fast Money Guests on Thursday, August 18, 2011 after Market Close:

Jon Najarian, of optionMONSTER, said the cash Vix and futures Vix signaled too large a spread and he felt a temporary market bottom was in.

Najarian said with 30 minutes to go in the trading day, he went long the S&P. 

Doug Kass of Seabreeze partners phoned in and mentioned that he thought the bottom for the year was in.

Kass specifically mentioned that certain banks like BAC could double literally within a couple months. 

POTC monitors, reviews, and verifies many sources on and off TV. We have found Doug Kass to be an excellent source from time to time. He called the bottom in REITs in 2009 within weeks of the bottom and has been bearish when the S&P was firmly above 1,300.

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1 comment:

Anonymous said...

We like both of these guys but dougie more. Sally n Todd.