Here are Doug Kass' top thoughts on some of the biggest stories of the week.
We Live in Head-Shaking Times
Nothing seems to matter as the market steadily climbs to record after record despite no progress on the Trump agenda that got this rally started, frightening world conflict potentials with North Korea and in the Middle East and South China Sea, expanding Russian Iranian moves that threaten stability, Isis still wreaking havoc despite territorial loss and divisive politics around the world.
Congress is dysfunctional and the Republicans, desperate for any win, are forsaking traditional principles for a deficit-busting tax bill just as destructive storms dramatically increase costs, limiting funds available for infrastructure.
I get the feeling that things could come apart in so many places, yet volatility is at a three-decade low.
These are crazy times -- and, to many, like myself, very frustrating.
Quick Thoughts on AutosHurricane Harvey, in particular, has served to help automobile used-car indices to improve during the month of August.
- How quite a few retail investors have more risk in their portfolios than they think.
- How to take a basic look at investor bases.
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