Kass: Time for Change

Beyond the potential for a new, catalyzed and change-driven Administration in November, the market's best hope continues to revolve around the following factors over the short term:

• a slowdown in emerging economies;
• the ECB backing off its rate hike policy;
• the Federal Reserve extending the duration of its liquidity auctions;
• a more productive fiscal stimulus package; and
• an effective strategy directed toward the housing depression.

The upside for a badly beaten market lies in some of the above resolutions, which could serve to lower crude oil prices, lift the U.S. dollar, slow headline inflation, quiet the Fed's jawboning and aid the consumer.

Doug Kass writes daily for RealMoney Silver, a premium bundle service from TheStreet.com. For a free trial to RealMoney Silver and exclusive access to Mr. Kass' daily trading diary, please click here.