25 Surprises, Part II

Editor's Note: This is Part 2 of Doug Kass' list of 25 surprises for the coming year; Part 1 appeared yesterday, click here to read it.

Every December Kass prepares this list of events that have a reasonable chance of occurring despite a general perception that the odds are long. The purpose is to consider positioning a portion of one's portfolio in accordance with these outlier events -- with large payoffs. But not all of them are stock- or market-related; Kass also delves into some popular-culture issues in the business world to mix things up.

This was originally published on Street Insight on Dec. 11. ...