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Icahn and Cook; Flash Freeze; QE: 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 the posts this past week were entries about Carl Icahn, the Nasdaq flash freeze and quantitative easing.

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Tweet From Carl Icahnl
Originally published on Thursday, Aug. 22 at 2:48 p.m. EDT.

He says he will meet with Apple (AAPL - Get Report) CEO Tim Cook on buyback.

See below:

From my perch, this tweet by Icahn minutes before a possible reopening of Apple's shares (and after a breakdown under $500) is borderline promotional -- manipulative and questionable from an ethical standpoint.
[Read: <a target="blank" data-add-tracking="true" href=""><em>Is Tim Cook Certifiably Inane?</em></a>]

But I guess Twitter, which I have left, is the new frontier (or Wild West) for all sorts of cowboys, wealthy and not-so-wealthy!

At the time of publication, Kass was short AAPL.

The Flash Freeze
Originally published on Thursday, Aug. 22 at 2:45 p.m. EDT.

Many are surprised that the levels of stock prices have been materially unaffected by the Nasdaq's flash freeze.

Upon reflection, why should this impact the short-term direction of stock prices?

As Josh Brown just mentioned, the majority of retail investors are in ETFs and not in individual Nasdaq issues.
[Read: <a target="blank" data-add-tracking="true" href=""><em>Stocks Pop Despite Nasdaq Shock</em></a>]

As I wrote, the flash freeze likely only impacts daytraders who need to be flat by day's end.

But in all likelihood, their sales (as they are predominantly long) will be met by purchases form counterparties.

It's a big deal for the Nasdaq and the media that is reporting it but not as market impactful as many expect/think, imho.

The Essence of the Bear Case for U.S. Stocks
Originally published on Wednesday, Aug. 21 at 11:44 a.m. EDT.

With the release of the Fed minutes only a few hours away, here are some of my deep thoughts.

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