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 RealMoney Silver , a premium bundle service from TheStreet.com. For a free trial to RealMoney Silver and exclusive access to Mr. Kass's daily trading diary, please click here.


Know what you own: Some of the most active stocks during Tuesday's midday trading include CIT Group (CIT), Citigroup (C), Bank of America (BAC), SPDRs (SPY), Financial Select Sector SPDR (XLF), PowerShares QQQ (QQQQ) and Nokia (NOK) 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.

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