Doug Kass Thinks 50/50 Shot High Is In For The Year (SPY)

Doug Kass of Seabreeze Partners

that he believes it's a 50/50 shot that the highs in the S&P 500 have been seen this year. If you agree with Kass, shorting the S&P 500 ETF

could potentially be a profitable idea, if you agree with Kass' thesis. Kass is the president of Seabreeze Partners, a Palm Beach-based hedge fund. Kass is also a contributor to TheStreet.com

and CNBC's 'Fast Money'.