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.
Last week, Kass wrote about a strategist who can't say "I don't know" and about Europe's economic condition.
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Barry Bannister's Brazen Bullishness
Stifel Nicolaus strategist Barry Bannister appeared on CNBC's Fast Money: Halftime Report today.
To begin with, it is great that CNBC had someone like Bannister on -- as talking heads who have been wrong are entitled to present their views. After all, if the business media only had those that were correct in view on their broadcasts, they would have had no available guests from 2008-2010 (during the Great Recession)!
Apparently, Bannister has raised his 12-month S&P 500 price target from the lowest on the Street to the highest, an increase of 450 S&P points in his forecast, from 1850 to 2300.