Kass: Getting a Grip on the New Reality

This blog post originally appeared on RealMoney Silver on Nov. 11 at 7:44 a.m. EST.

Investors face unconventional headwinds today, both short and intermediate term.

As always, a sense of time frame is of paramount importance in matters of investing and trading. This might be more so today than in prior cycles as broad and systemic controversies have, by definition, uncertain outcomes and help to explain the almost unimaginable market volatility and the fatigue we all face when confronting routine intraday swings of 3% to 5%.

We have to be honest with ourselves and respect that the complexity of today's economic challenges renders the investment mosaic unusually ambiguous. It is hard to be convicted in any time frame. ...