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 his method and Fed funds forecasts.
Please click here for information about subscribing to RealMoney Pro.
The Method to My Madness
Originally published on Friday, Sept. 20 at 12:00 p.m. EDT. I wanted to emphasize something that is obvious to all subscribers that have been around for a while. As a matter of strategy it is my modus operandi to almost always average into positions (long and short) based on the notion that it is impossible for me to figure out the perfect/ideal entry point. (QQQ - Get Report) short as an example -- I am averaging up or down (based on macro or micro factors), and my total cost basis might be (far) different from my original mention. Again, QQQ is a good example. I originally mentioned the short at $77.40, but with today's large short add, my average cost is now slighlty over $79. I hope my approach is well understood. At the time of original publication, Kass was short QQQ.
Looking at Potential Outcomes
Originally published on Thursday, Sept. 19 at 9:34 a.m. EDT. If you look at the range of Fed funds forecasts for year-end 2016, the high is 4.25% (Fisher?), the low is 0.5% (Evans?) and Bernanke falls seemingly right in the middle at 2%. The dovish view on the unemployment rate for the same point in time is 6%, while the hawkish view is that it will be down to 5.2%. The median is 5.6%, and that seems to be where Bernanke resides.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
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.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
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.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV