Doug Kass Explains Why He's Net Short

Doug Kass Explains Why He's Net Short

Forecasts for an improvement in economic conditions are overly optimistic, Doug Kass of Seabreeze Partners said Thursday.

"I think the only thing certain is the lack of certainty," he said, adding that he believed between 65 and 70 percent of daily trading "has nothing to do with fundamental investing. It's high-frequency trading, slicing and dicing ETFs."

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