Market Maven Douglas Kass Thinks NASDAQ Is Primed To Tumble

Television personality and market maven Douglas Kass says that given the state of tech stocks the NASDAQ may be set to tumble. The occasional guest host for CNBC cable television's Squawk Box market commentary show and president of Seabreeze Partners Management took to tweeting his view Wednesday. https://twitter.com/DougKass/status/489754345454317568 https://twitter.com/DougKass/status/489754377658179585 "Given the extraordinary run in 'old tech' (MSFT, INTC, etc.) and the valuation stretch in 'new tech' (NFLX, AMZN, etc) -- the Nasdaq might be perfectly positioned for a drop now," Kass said in two successive Tweets. Kass is not unique in expressing caution over the the bull market, now more than five years old. "But to get a bear market you have to have a catalyst,” Marc Pado of Dow Bull Consultants told the

recently. The NASDAQ Composite on Friday morning was up 0.53 percent to 4,386.71.