Kass: Lower Stock Prices Ahead

“…Greece is a dangerous precedent. … it remains my view that over the last few months markets have been in the process of making a broadening and important top. Markets are, by most measures, in fact teetering. …

“Technically, leadership is narrowing — a likely prelude to second-half downside volatility. … ‘The Smart People are Selling’ and China is like Humpty Dumpty sitting on a wall. And lest we forget ‘Short in May and Go Away.’

“I expect rising volatility and lower stock prices ahead, and I remain defensive in a market that seems to be finally wavering in price and appears to be on a ledge of sorts.”

— Excerpt contributed by Jason Kelly

_____________________________________

Z-val: Doug Kass
Via: Tumblr
Date: 7/9/15
Disposition: Short-Term Bearish
S&P 500 on 7/9/15: 2051
S&P 500 on 10/9/15: 2015
Change: -1.8%
Judgment: Right

Z-val definition and more forecasts in The Z-val Zone.

Kass

Scorecard

This Forecast

Accuracy

of 6

Judged

Forecasts

Created with Snap
This entry was posted in Z-vals and tagged . Bookmark the permalink. Both comments and trackbacks are currently closed.
  • Here are your three options:

    Option 1: Annual Subscription

    For just $236.97 per year, you’ll receive everything listed above to completely upgrade the way you manage your investments, including a copy of The 3% Signal. This is what I recommend:



    Option 2:Monthly Subscription

    If you'd like to try The Kelly Letter  without paying the full year, you can pay $19.97 per month, but it will not include a copy of The 3% Signal :


    Option 3:Free Email List

    If you'd like to hear more from me but aren't ready to part with any money yet, you're welcome to join my free email list:

    Join the free list






    Thank you for the work you do. You're a household name here and my wife and I often discuss your letters on Sundays. My ten- and seven-year-old children recognize your name and will eventually be taught to invest using 3Sig and 6Sig. You've had an enormously positive impact on our investing and inspired me to look at the world in more rational and clear terms than I did years ago. I'm sure that thousands of others would say the same. Kelly Letter subscriber Matt Barnes
    Matt Barnes
    Product Line Director
    OCLC

    Join Matt and thousands of other rational investors to invest without stress.

    Subscribe to The Kelly Letter  now!

Bestselling Financial Author