Tag Archives: Kass

And Where are We Now? The Market as a Discounting Mechanism

“Be fearful when others are greedy. Be greedy when others are fearful.”

“People are habitually guided by the rearview mirror and, for the most part, by the vistas immediately behind them.” – Warren Buffett

Legg Mason’s Letter on Current Equity Premiums and Investor’s Views on future Growth Investors current May 2012 expectations for stocks

The Market as a discounting Mechanism

In September 2011, I posted on the bad news cascading in the housing market: http://wp.me/p1PgpH-2g and I posted the link below to show the charts of various home builders’ stocks.




Behold, the stocks are up about 50% to 100% now that the news is becoming positive. Note the Presentation from Doug Kass:Kass-ValueInvestingCongress-5712 –go to the last three pages to view the need for housing stock.

Home Sales Improving


Economic Blogs

Excellent post on our current economic conditions here: http://scottgrannis.blogspot.com/ and http://mjperry.blogspot.com/