doug kass calls the bottom, page-2

On quick Google I got this from Dec 09 readers can make own mind up on how he did.


Doug Kass Predictions for 2010

By editor|Dec 28, 2009, 12:35 PM|Author's Website

Hedge fund manager and financial columnist Doug Kass shares in this CNBC interview his 20 possible outlying events for the coming year.

According to Kass:

1. Corporate profits soar 100% in the first quarter of 2010 from a year ago, while GDP jumps 4.5%.

2. Housing and jobs fail to revive.

3. The U.S. dollar explodes higher.

4. The price of gold topples.

Gold is going to break $900, he said. Its one of the most crowded trades.

5. Central banks tighten earlier than expected.

We might see a policy mistake, everyones concerned about it, Kass said. I think well follow China. Chinas already trying to stem the property speculationSo one of the surprises will be a much earlier increase in the Fed funds rates than generally expected.

6. A Middle East peace is upended due to an attack by Israel on Iran.

7. Stocks drop by 10% in the first half of next year.

If we look at the consensus forecast, [stocks] are really clustered in a narrow range, said Kass. We get a decline and the first surprise is that corporate profits double in the first quarter and then you have an exogenous event, which hurts the market and then we get nothing for the second half of the year.

7. Kass predicts that Goldman Sachs (GS) goes private.

9. Second-half 2010 GDP growth turns flat.

10. Rate-sensitive stocks outperform; metals underperform.