This Day On The Street
Continue to site right-arrow
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

Kass: I Still Bleed Barron's Blue

My roots run deep with Barron's -- indeed, you might say I bleed Barron's blue.

At 15 years of age I began to read Barron's, coincident with my interest in the stock market, which was stimulated by the investment education administered by my Grandma Koufax.

I was so anxious to read what was in the magazine that I often purchased it before 7:00 a.m. on Saturday mornings and was typically done reading it by 9:00 a.m. There was no Internet in the mid-1960s and Barron's was a rich and indispensable resource and compendium of opinions, ideas and data.

My association with Barron's started with a cover story in 1992 ("Investing in a Cold Climate") in which the magazine ran a story about my associate Hugh Johnson and me. (We were both at the time at First Albany.)

That same year I wrote my first Barron's cover story, " Pow! Smash! Ker-plash! High-Flying Marvel Comics May Be Headed for a Fall." (I was right on this one, as the company declared bankruptcy a few years later.) That column, more than anything else, cemented my reputation as a short-seller.

I have also written three editorials in the "Other Voices" section of Barron's.

1. " Kids Today" (subscription required): In which I warned (in 1997) that bear markets were borne out of conditions like the heady tech stock party that was being experienced in the late 1990s. The market, I surmised, was beginning to lose its moorings. I used the sage advice of "Adam Smith" (a.k.a., George Goodman) and "Scarsdale Fats" (a.k.a., Bob Brimberg) to illustrate my points. Three years later the Nasdaq began a 75% decline in prices.

2. " Look Who's Selling" (subscription required): In 2006 I cautioned that attention should be paid to Sam Zell, who at the time was selling out of his interests in Equity Office Properties Trust to Blackstone (BX). Why did Aesop's scorpion sting the frog, I queried? And why was Blackstone buying out Zell during a speculative boom and potential top in the real estate markets? Because that is what they do. Less than two years later, the bottom fell out of the real estate business and domestic economy.

3. " The Threat of 'Screwflation'": In 2011, I worried about stagnating wages, the rising costs of the necessities of life and structural imbalances (especially of an employment kind). Real domestic economic growth, I suggested, would remain subpar, as the important middle class was exposed and vulnerable. This has been the case, and trickle-down monetary policy has failed to improve the stead of the average Joe.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

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
  • 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 serious 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

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


DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Our Tweets

Partners Compare Online Brokers

Top Rated Stocks Top Rated Funds Top Rated ETFs