This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

The Best of Kass

Stocks in this article: PTPYHOO

An excellent example of potential pent-up demand is the automobile market. February light vehicle sales came in at a 13.4 million seasonally adjusted annual rate, compared to 12.6 million in January 2011. Excluding the August 2009 "cash for clunkers" sales of 14.2 million, February's sales figure was the best since August 2008. Domestic light vehicle sales were reported at 10.35 million units compared to January's 9.59 million -- again the best monthly data, excluding "clunkers," in two and a half years.

From an historical perspective, sales are still meaningfully below their trend line and have a lot of room to grow -- in the years that led up to the last recession in 2008, light vehicles sales averaged close to 17 million units.

This same observation applies to other industries, with well-below-trend-line residential real estate growth the most conspicuous example of pent-up demand growth opportunity in the years ahead.

I can promise all of you that over the next few months, I will be more balanced in my writings, in my market view and in my individual recommendations, as I am respectful -- irrespective of yesterday's schmeissing -- of Mr. Market's more sanguine message and of the better-than-I-expected improvement in economic fundamentals.

In Jim "El Capitan" Cramer's Getting Back to Even, Jimmy wrote these kind words about me in his final "Acknowledgements" chapter:

Thank you to RealMoney's Doug Kass, for helping me call a once-in-a-generation bottom in March 2009.

As I watched Jim's observations on the " Be Afraid" segment on "Mad Money" last night -- as I do every night -- I heard his message loud and clear (as he heard mine almost two years ago) and took it to heart. That message is that there is no place for dogma ... especially when investing in the stock market. (This precept applies to both bullish and bearish thinking.)

As I mentioned previously, there are economic, profit and market challenges aplenty (that I have been chronicling on The Edge). And while Mr. Market might have some work to do on the downside in the near term, I for one will take advantage of opportunities that are presented in a correction ... on the long side.

2 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,827.75 +12.81 0.07%
S&P 500 2,072.83 +5.80 0.28%
NASDAQ 4,787.3170 +29.0650 0.61%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs