This Day On The Street
Continue to site
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

The Best of Kass

NEW YORK ( TheStreet) -- Doug Kass of Seabreeze Partners is known for his accurate stock market calls and keen insights into the economy, which he shares with RealMoney Pro readers in his daily trading diary.

Among his posts this past week, Kass explained what Super Bowl ad spending means for stocks and reviewed the past week's economic indicators.

Please click here for information about subscribing to RealMoney Pro.

Gold, Apple and the U.S. Stock Market
Originally published on Friday, Feb. 15 at 11:05 a.m. EST.
  • Look at the subsequent price drops following gold's high in September 2011 and Apple's high in September 2012.
For those who are of the view that the U.S. stock market feels like it will never decline, I suggest you look at the price of gold in mid-September 2011 and the price of Apple's (AAPL - Get Report) shares in late-September 2012.

At those times, investor sentiment was at an extreme.

Now look at the subsequent price drops following those heights.

Position: None

Gold, Apple and the Stock Market (Part Deux)
Originally published on Friday, Feb. 15 at 12:53 p.m. EST.
  • Applying Jim Grant's insight to current conditions.
Let's continue the thread of the last post (above).

When looking at the stock market optimism today, I am reminded of Jim Grant, who once wrote in Minding Mr. Market:

Progress cuts with a manic bull markets there is no clear demarcation between progress and fantasy...there is little or no permanent truth in financial ideas have their seasons...the higher the market, the easier it is to sell but the more disingenuous the sales pitch becomes...and the biblical injunction about the first and the last trading places often has literal truth.

Jim Grant went on: "The country's most admired companies are frequently on their way to becoming the least admired investments."

The same may be said for asset classes like U.S. stocks today compared to gold in 2011 and Apple's (AAPL - Get Report) shares in 2012.

Position: None

Practice Your Defense
Originally published on Friday, Feb. 15 at 8:33 a.m. EST.
  • It's not your batting average that counts in investing and trading; it's your defense.
When we met in nineteen thirty-eight, it was November
When I said that I would be his mate, it was December
I reasoned he would be the greatest husband that a girl had ever found
That's what I reasoned
That's what I reasoned
Then April rolled around
Strike three, ball four, walk a run'll tie the score
Yer blind, Ump,
Yer blind, Ump,
Ya mus' be out-a yer mind, Ump!
-- Richard Adler and Jerry Ross. " Six Months out of Every Year," Damn Yankees

This week pitchers and catchers report, as baseball's spring training gets into swing this month.

As I have repeatedly written over the years, the real key to delivering good investment and trading returns is not your offensive ability and swinging for a high batting average; it is importantly about your defense on the field.

Let me explain.

A high batting average and an impressive display at the plate (measured by the number of stocks that rise in your portfolio as measured against your total positions taken) is important, but it is not as significant as many think.

The key to delivering returns is defense, controlling your risk by stopping your losses and, when you are up at the plate, letting your profits run.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,891.16 +117.52 0.66%
S&P 500 2,081.43 +16.13 0.78%
NASDAQ 4,817.5940 +42.2360 0.88%

Our Tweets

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs