Doug Kass fills his blog on RealMoney every day with his up-to-the-minute reactions to what's happening in the market and his legendary ahead-of-the-crowd ideas. This week he blogged on:

  • How the only certainty is uncertainty.
  • How Caterpillar is beginning to show signs of rolling over.

Click here for information on RealMoney, where you can see all the blogs, including Doug Kass'--and reader comments--in real time.


 
Recommended Reading
 
Originally published Feb. 2 at 3:06 p.m. EDT

"How do you weigh the risk of volatility versus the reward of profitable investment? Do you have to avoid the stock market altogether because we have a president with a different, more emphatic and less predictable style, or can you find a way to manage a portfolio despite the presidential-inspired turbulence?"


 
Some Late Day Observations
 
Originally published Feb. 2 at 2:49 p.m. EDT

My favorite large-cap short for 2017, Caterpillar (CAT - Get Report) , is beginning to show signs of rolling over.

 
Metlife ( MET - Get Report) is at the day's low (down $2.64) and financials may also be rolling over. ( Goldman Sachs ( GS - Get Report) was much higher on the day and is now also sinking to lows of the day and is down on day now).
 
Technology is wobbly after Facebook ( FB - Get Report) gets a Bronx cheer in Thursday's trading session. I had added to my PowerShares QQQ Trust, Series 1 ETF ( QQQ - Get Report) short after the close on Wednesday and established a ProShares Trust UltraPro Short QQQ ETF ( SQQQ - Get Report) long at the same time (and moved up the size considerably Thursday).
 
Autos are breaking down--the long ( F - Get Report) /short ( GM - Get Report) is starting to really work.
 
The market looks like it is having problems sustaining intra-day rallies--perhaps a departure of character.
 
Only retail looks like it may be bottoming.
 
Gold is shining, but off of the day's highs.
Position: Long: SQQQ, SDS, F, GLD large; short: SPY, QQQ, GM, GS, BAC small, C small, JPM small, CAT, Met.