Kass: On the Road to Recovery

This blog post originally appeared on RealMoney Silver on Dec. 8 at 8:01 a.m. EST.

I am a realist. We are in difficult and challenging times.

I have learned over the course of my investment career that the quest for delivering superior investment performance has grown more complicated, as it is accompanied by demands for permanent flexibility, a more balanced view and, usually, a less extreme portfolio construction. I am also of the belief that neither Polyannas nor Cassandras are stock market money makers; they are, more typically, only attention getters.

While I fully recognize that the road back to economic growth and stock market repair will not be orderly -- it will be filled with potholes and detours -- a number of factors are now conspiring to improve the chances for business stability and for a recovery in the equity markets. ...