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

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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.

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