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 need for greater-than-usual caution and GDP and jobless data.
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No Memory Day to Day
Originally published on Friday, Jan. 31 at 6:59 a.m. EDT.
The thrust of my diary's opening missive on Thursday was that the month of January represented (1) a challenge to many of the consensus expectations for 2014; (2) a scenario in which the investing and economic backdrops have changed (and not for the better); and (3) the notion that risk (and contagion) happen fast.
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