This blog post originally appeared on RealMoney Silver on July 16 at 2:21 p.m. EDT.
I have seen too many in the investment world and on other stages make one outstanding call only to express a continuing dogma (and an absence of rigor) in the face of changing conditions.
I have characterized the March bottom as not only a generational one but as "The Nouriel Roubini Market Bottom." This was not meant as an ad hominem attack on Dr. Doom, just an exclamation point to my call for a market turn.
Perhaps Dr. Doom's expression of optimism will mark The Nouriel Roubini Top!
Doug Kass writes daily for
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Know what you own: Some of the most active stocks during Tuesday's midday trading include CIT Group (CIT) - Get Report, Citigroup (C) - Get Report, Bank of America (BAC) - Get Report, SPDRs (SPY) - Get Report, Financial Select Sector SPDR (XLF) - Get Report, PowerShares QQQ (QQQQ) and Nokia (NOK) - Get Report and .
At the time of publication, Kass and/or his funds had no positions in the stocks mentioned, although holdings can change at any time.
Doug Kass is founder and president of Seabreeze Partners Management, Inc., and the general partner and investment manager of Seabreeze Partners Short LP and Seabreeze Partners Long/Short LP.