Benefiting From the Correction

This sampling of blog posts from Doug Kass was originally published today on Street Insight. It's being republished as a bonus for TheStreet.com and RealMoney.com readers. For more information about subscribing to Street Insight, please click here.

How to Set Up a Short Book to Benefit From a Correction
1/29/2007 10:21 AM EST

Over the last week I have received a bunch of emails that ask basically the same thing: If you are growing increasingly cautious -- as you expressed in a recent column (the notion that January 2007 is beginning to more closely resemble the conditions of January 1994 -- how do you change your short book to benefit from a correction?

Here is the answer: When times are a changin', I increase my short book by puchasing puts and I move my short book toward higher octane, more volatile stocks, like I did this morning with Chicago Mercantile (CME).

Getting Technical
1/29/2007 7:59 AM EST ...