Here are Doug Kass' top thoughts on some of the biggest stories of the week.
Starbucks and Disney Continue to Roll Over
I recently added to both shorts.
In " How High Can You Go? Steep Product Pries Could Ding These Stocks" I highlighted the vulnerability of Starbucks and Disney -- two companies that sell high priced latte, expensive cable subscriptions and elevated theme park admission prices. In both cases, demand elasticity will likely reduce secular profit growth rates for these over-owned and still popular stocks.
As Jim "El Capitan" Cramer wrote in his closing missive, the market is growing more discerning.