Doug Kass reaffirms his call that the markets bottomed for the...

Doug Kass reaffirms his call that the markets bottomed for the year with the lows we saw June July

He thinks we will continue to range in a channel like we are and is saying that there is more risk to the upside simply because so many are underweight stocks

I think the bond markets and the US $ hold the key

Once the US $ and Bond markets start to correct like they should (as the US is stuffed so logically so should be there worthless dollar and the treasury bonds they issue) we should see a reallocation back into stocks

The risk trade is off and has been since May once the risk trade comes back on stocks will rise we just need to climb the wall of worry first