Doug Kass' 20 Signs That Could Mark A Top (TSCM)
Earlier today, Doug Kass tweeted a link to an article which he wrote for RealMoney Silver and theStreet.com (NASDAQ: TSCM). CNBC Mad Money host, Jim Cramer is the Chairman of the Board at theStreet.com (TSCM). In Kass' post, he outlines 20 signs that the market could be making a top. Kass, you remember, called the bottom in the markets last March. Among the indicators that he discusses in the piece are interest rates, jobs, Europe, and housing.
Kass writes that the yield on 10-year U.S. Treasuries might climb to over 4% and that a 4.00% to 4.25% yield would likely provide a tipping point for increased competition to equities.
On the jobs front, Kass argues that "a more sluggish-than-expected expansion in new jobs and the weight of higher taxes in 2011 might translate to a downturn in consumer confidence, reduced business fixed investment and a more shallow domestic economic recovery in the second half of the year."
He also writes that "there could be growing signs of weakness in the European economies." Kass presents a fairly convincing case for the bear side of this market and all of his signs of a "top" in the equity market should be considered by any serious investor. You can find the entire article at theStreet.com.
