NEW YORK ( TheStreet) -- Doug Kass of Seabreeze Partners is known for his accurate stock market calls and keen insights into the economy, which he shares with RealMoney Silver readers in "The Edge," his daily trading diary.This week, he acknowledged the strength of some market-leading stocks, outlined key concerns as the new year gets underway and reiterated his stance that gold could be one of the worst-performing assets this year. Please
Big Win for the Bulls
Originally published on Jan. 7 at 2:20 p.m. EST.
"You don't have time to think up there. If you think, you are dead."Thus far, I would call today's action a very big win for the bulls. Financials? Just some profit-taking. No biggie. Technology and industrials? Persistent strength and no conspicuous downdrafts. More impressive to me is the continued strength in the new market leader, General Motors ( GM), and in the old market leaders, Apple ( AAPL), Baidu ( BIDU), Google ( GOOG) and Amazon ( AMZN) -- just very impressive, simply stated. At least, I know my stock monitor actually has a red display button. Time to buzz a tower! At the time of publication, Kass was long GM. > > Bull or Bear? Vote in Our Poll
- Maverick (Tom Cruise), Top Gun
Highway to the Danger Zone?
Originally published on Jan. 7 at 8:47 a.m. EST.
"Tower, this is Ghost Rider requesting a flyby."Last night was another fun segment with the "Fast Money" gang -- the group that "feels the need ... the need for speed!" I believe that cash will be king over the next few months. I expressed four principal concerns that represent challenges to the smooth and self-sustaining economic recovery upon which a lot of the recent market enthusiasm has been based.
-- Maverick (Tom Cruise), Top Gun