Doug Kass shares his views every day on RealMoneyPro. Click here for a real-time look at his insights and musings.

My Takeaways and Observations

Originally published Jan. 4 at 4:08 p.m. EDT

I love gold.

Trade of the Week--short Apple at $116.15. (The SoftBank investment is a nonevent).

Dwyerama is chillin' and I am re-establishing my ProShares UltraShort S&P500 ETF (SDS) - Get ProShares UltraShort S&P500 Report long--back in a revolutionary mindset.

As January goes ... well it's nonsense.

Reviewing my investment troops.

Buh byeMacy's (M) - Get Macy's Inc ReportandKohl's (KSS) - Get Kohl's Corporation (KSS) Report .

Markets in tune with my expectation of a strong first two weeks--money, in particular, is going into the Russell. Its crowing.

My pal Danielle DiMartino on trade.

Mizuho on Allergan (AGN) - Get Allergan plc Report .

Tweet of the Day.

Peter Boockvar on the Fed minutes.

Tattoo on Bitcoin.

I re-established my SDS long at $14.74.

At 3:30 p.m. stocks were near their intraday highs.

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    Positions --

    Long: SDS large, HIG large, RDN, JCP large, CPB large, DD small, AGN, GLD large

    Short: SPY, CAT, IBM small, MET small, LNC small, IWM small, AAPL, GLD puts, JCP puts

    Position: See above.

    Reviewing My Investment Troops

    Originally published Jan. 4 at 10:43 a.m. EDT

    Some morning observations:

    Position: Long OAK, RDN, CPB large, HIG large, JCP large, AGN, SDS; short JCP puts, QQQ.

    Action Alerts PLUS, which Cramer co-manages as a charitable trust, is long AGN and AAPL.

    Doug Kass is the president of Seabreeze Partners Management Inc. Under no circumstances does this information represent a recommendation to buy, sell or hold any security.