Doug Kass Issues Big Apology For Having Been Too Bearish This Whole Time

Doug Kass

Photo: Yahoo Finance

For the sake of investors we hope this isn’t another huge sign of capitulations signaling a top.Doug Kass, the investor, has issued a “mea culpa” for being too bearish.

The reality is that over the past 12 months I have been far too cautious and dogmatic in my ursine outlook.

I moved too far off the reservation and stuck to my views even as cyclical economic conditions changed. (One doesn’t have to look much beyond the ISM strength to support the statement that domestic growth has improved markedly.)

In support of my bearish investment view, I offered what I thought were a series of logical arguments on why my secular concerns would produce nontraditional challenges to the notion of a smooth and self-sustaining economic recovery that was the foundation of the bullish cabal’s baseline case.

He still says he’s not bullish — and it is odd that this is coming during a violent period for the market — but that the economy is clearly strong than he realised.

Read his full Mea Culpa here >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at