DOUG KASS 8-3-10

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A Risk-On, Risk-Off Investment World - 08/03/10~ Doug Kass

"A month ago, I made the case that stocks had hit their lows for the year.
As stocks begin to challenge my upside S&P 500 target of 1,150 (in a range between 1,025 and 1,150), I would now reduce stock positions in the belief that shorting the U.S. bond market, via a ProShares UltraShort 20+ Year Treasury (TBT) long, provides a better downside risk/upside reward ratio than owning the S&P now."
>>LINK TO Kass Website

thestreet.com link