The selling in gold and equities tells hedge fund manager Doug Kass that the rally that was based on Fed easing and the ECB’s LTRO is done for. Time to get negative.
The liquidity rally is over.S and P futures -9, european mkts –, gold -40, euro. Time to be defensive just when shorts worn out. $SPY
— Douglas Kass (@DougKass) April 4, 2012
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