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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 Dec. 5 at 4:50 p.m. EDT

"Well, they call you lady luck
But there is room for doubt
At times you have a very un-lady-like way
Of running out..."

-- Guys and Dolls, Luck Be A Lady (Frank Sinatra)

Trump will not likely Make Twitter Great Again.

I, bear.

Explaining my process for selecting and managing short-term trades (e.g., The "Trade of the Week" or "For Traders Only").

Trade of the Week--long iShares Barclays 20+ Yr Treas.Bond ETF (TLT) - Get iShares 20+ Year Treasury Bond ETF Report . I took off half the position for a nice gain. Luck be a lady!

And a new column, " For Traders Only." I took off the short TLT put for a nice gain.

Hanson, real estate Bear--and that capital "B" is intentional.

Stocks up from the "get go" Monday--with little movement after the initial burst of speed.

Rs (Russell) over Ss (S&P Index) and Ns (Nasdaq).

Save my TLT (long common and short puts) -- I did little Monday.

Here are some value-added contributions on our site today:

TheStreet Recommends

1 Jim "El Capitan" Cramer's article on three industries that benefit from a Trump administration is strong.
2. Sham Gad "And the Pharaohs" on how to manage this portfolio. Uno, dos... Wooly bully!
3. Daniel "Oil Vey" Dicker goes yard on oil.
4. Rev Shark (has Adelaide's Lament) (see quote at opening of "Takeaways") 'cause he is trading a market that has a cold.
5. Lenore Williams on the Italian vote--and the market's response.

Long HIG large, CPB large, JCP large, SDS large, TLT small, DD small

Short AAPL large, BAC small, C small, JPM small, IYR small, KO small, CAT small, DIS small, IWM small, GM small, F small, SBUX small

Position: See above.

For Traders Only

Originally published Dec. 5 at 11:01 a.m. EDT

Over the last four decades I have made my "investment bones" chiefly through hard-hitting analysis and fundamental long-term investing. Depending on my market view (bull market, bear market, range-bound market), I supplement my longer-term investments (long and short) with trading rentals. When done well it produces what I like to call the "cash register effect" -- small trading gains that accumulate over time.

At Real Money Pro we have investors and traders with differing risk appetites and time frames. Contributors such as Jim "El Capitan" Cramer, RevShark, Divine Ms. M, Tim "Not Judy or Phil" Collins and myself serve and write for those various types of investors and traders.

At times being servants to many dissimilar masters can be problematic!

My "Best Ideas List" is the place to go for my longer-term investment ideas, measured in years, not days, weeks or even months. Some of these ideas, such as Caterpillar (CAT) - Get Caterpillar Inc. Report , have been on the list for more than two years.

Today I am establishing a new feature, "Traders Only," for those with a one- to three-day trading outlook.

My first idea is selling (naked) the December iShares 20+ Year Treasury Bond ETF (TLT) - Get iShares 20+ Year Treasury Bond ETF Report $120 puts at $1.90.

My Trade of the Week--long TLT--explains my trading rationale.

Position: Long TLT small; short TLT puts.

Action Alerts PLUS, which Cramer co-manages as a charitable trust, is long AAPL, SBUX, FB, GOOGL, C and CSCO.

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.