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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread
VTI 342.05+0.3%Jan 15 4:00 PM EST

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To: Investor2 who wrote (4994)11/18/2009 10:06:48 PM
From: DD™  Read Replies (1) of 10065
 
OT: Jeffrey Saut says we are in a 03-04-like rally...

raymondjames.com

Moore Research Center, Inc Correlation Studies for said time period appear to confirm...

mrci.com

and if the rally holds true to 03-04's form, it should continue per '04's advance (which happens to be highly non-correlated when compared to todays chart)...

mrci.com

Doug Kass, who is currently bearish, is having none of this...

Excerpt...

"Kass said Saut's "linear line of reasoning" ignored the "sorry state of small business and the consumer." He said he was very worried about higher unemployment, adding there is a "vacuum" under the "intoxicating stock prices" in the market.

He said the housing recovery can't happen without government assistance. As for trades, he's shorting housing-related and retail stocks. He also said he's starting to accumulate a short position against asset managers like T. Rowe Price(TROW Quote) and Franklin Resources(BEN Quote).

He said he expects corporations to cut back on 401K matching contributions, the "life blood" of asset managers."

thestreet.com

DD™
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