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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Deep Breathing; Greater Expectations: Best of Kass

Stocks in this article: RESI

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 the shot heard round the world and his projections for Altisource Residential.

Please click here for information about subscribing to RealMoney Pro.


The Shot Heard Round the World
Originally published on Thursday, Oct. 3 at 8:38 a.m. EDT.

By the rude bridge that arched the flood,
Their flag to April's breeze unfurled,
Here once the embattled farmers stood,
And fired the shot heard round the world.

-- Ralph Waldo Emerson, "Concord Hymn"

During confusing times like these in the investment business, I like to retreat into books or into history in an attempt to deflect and even ignore (even for a brief period of time) the ridiculous systemic issues we face in our country.

My experience is that this sort of rerouting puts it all into perspective.

Ralph Waldo Emerson was a key early American philosopher, poet and writer, particularly known for his appreciation of individualism, self-reliance and intuition. He wrote "Concord Hymn," which was sung as a hymn at a July 4, 1837, ceremony to mark the completion of the Concord Monument, to immortalize the resistance of American Minutemen to British forces on April 19, 1775.

The "Concord Hymn's" key phrase "the shot heard round the world" is now internationally famous for its description of the philosophical importance of the American Revolution. Since then, the phrase has also been used to allude to the importance of single actions in cultural and sporting events. For example the shot that killed Archduke Franz Ferdinand of Austria (which plunged Europe into World War I) was referenced by the phrase.

Baseball's Shot Heard Round the World

Bobby Thomson up there swingin'. He's had two out of three, a single and a double, and Billy Cox is playing him right on the third-base line. One out, last of the ninth. Branca pitches. Bobby Thomson takes a strike called on the inside corner. Bobby hitting at .292. He's had a single and a double, and he drove in the Giants' first run with a long fly to center. Brooklyn leads it 4-2. Hartung down the line at third not taking any chances. Lockman with not too big of a lead at second, but he'll be runnin' like the wind if Thomson hits one. Branca throws. (Sound of bat meeting ball.) There's a long drive. It's gonna be, I believe. The Giants win the pennant!! The Giants win the pennant! The Giants win the pennant! The Giants win the pennant! Bobby Thomson hits into the lower deck of the left-field stands! The Giants win the pennant and they're goin' crazy, they're goin' crazy! Heeey-oh!!! (Ten-second pause for crowd noise.) I don't believe it! I don't believe it! I do not believe it! Bobby Thomson hit a line drive into the lower deck of the left-field stands, and this blame place is goin' crazy! The Giants! Horace Stoneham has got a winner! The Giants won it by a score of 5 to 4 and they're pickin' Bobby Thomson up and carryin' him off the field!

-- Russ Hodges, WMCA-AM radio (Oct. 3, 1951)

While the government shutdown holds center stage today, this date (Oct. 3, 1951) holds a special place in baseball history (as Sir Arthur Cashin mentioned yesterday in his morning commentary). It was the day (not only on Edgecomb Avenue in the Bronx) but throughout the country that "the shot heard round the world" occurred on the baseball field.

It was Oct. 3, 1951 that Brooklyn Dodgers pitcher (and my buddy/pal/friend) Ralph Branca served up a home run to the New York Giants' Bobby Thomson in the bottom of the ninth inning of the final game of the National League pennant playoffs at the Polo Grounds.

1 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 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

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