I'm posting a interview that was on tv the other day which was given by Doug Kass, President of Seabreeze Partners, which is a Hedge Fund (money managment firm). In the interview, Doug outlines the reasons why he has become increasingly negative on the markets and economy of late. Doug is one of the most successful money managers over the past 30+ years and is someone, other than my father, that I emulate and try to learn from one a daily basis. He is a wise and unbiased money manager and he tells it like he sees it. While some parts of the interview are heavy with economic and stock market terminology, you can get the general jist of why he believes the markets are ripe for a downturn (which just so happened to take place this week as stocks had the worst week in over 5 months). I'm posting this interview and his thoughts because I too have become cautious and somewhat concerned on the overall direction of the economy and stock market. While I'm certaintly no chicken little, I view the current risk/reward scenario as unfavorable for the average investor.
Hope you enjoy his words of caution (however take them with a grain of salt b/c they represent one man's opinion). Just cliek on the link below to go to the website with the interview. Have a good weekend.
http://www.cnbc.com/id/100960430
