Doug Kass – Page 14 – TheStreetPro TSP Site

This comment below is wrong. It will end badly because US consumption needs the SR to keep falling to maintain rapid growth, well ahead of c.0% income growth. As soon as the SR stops falling, C grows in line with Y. And if the stock maket falls and the SR rises, C is in trouble.… pic.twitter.com/kaF08d2JSH
— Albert Edwards (@albertedwards99) October 30, 2026

Position: None

Tweet of the Day (Part Deux)

Doug Kass on October 30, 2026

There it is.

Over 60% of the S&P 500's components are now in bear market territory, down -20% or more from their record highs.

Four of the Magnificent 7 stocks are now in bear market territory, with these seven names erasing a combined -$4 trillion in market cap since their… https://t.co/CuUwtwaw5V pic.twitter.com/Ix0fVlPita
— The Kobeissi Letter (@KobeissiLetter) October 29, 2026

Position: None

Apple Short Update

Doug Kass on October 30, 2026

Housekeeping item.

I have covered (5:30 AM) a portion of my Apple short at $345.70, moving from S to VS.

I plan to re-short on a rally.

From last night:

Dougie Kass

I added to my Apple short at $352.34 at 805 PM Thursday evening.

Position: Short AAPL (VS)

Tweet of the Day

Doug Kass on October 30, 2026

AIR FRANCE SAYS FLIGHTS TO AND FROM RIYADH ARE SUSPENDED UNTIL DEC 12, 2026

AIR FRANCE SAYS FLIGHTS TO AND FROM DUBAI ARE SUSPENDED UNTIL NOV 7, 2026
— *Walter Bloomberg (@DeItaone) October 29, 2026

Position: None

Awooh!

Doug Kass on October 30, 2026

* I mean baa(d) – Baa? Baa(d)

What full lips you have
They’re sure to lure someone bad
So until you get to Grandma’s place
I think you ought to walk with me and be safe

I’m gonna’ keep my sheep suit on
Until I’m sure that you’ve been shown
That I can be trusted, walking with you alone
Awooh

Little Red Riding Hood
You sure are lookin’ good
You’re everything that a big, bad wolf could want
Awooh! I mean baa
Baa? Baa

– Sam the Sham and the Pharaohs, Little Red Riding Hood

Wolf Street howls about “tech as in drek.”

Tech Makes a Mess as Wrinkles Start to Show. Markets Are Edgy Now, Aren’t They? | Wolf Street

As noted by Wolf Street we have seen unprecedented and large percentage and dollar drops in the world’s biggest technology stocks that have highlighted the last 48 hours of trading:

* Alphabet ($GOOGL)

* Amazon ($AMZN)

* ServiceNow ($NOW)

* Intel ($INTC)

* Fortinet ($FTNT)

* Reddit ($RDDT)

The consensus has been unabashedly optimistic going into this week’s technology earnings releases:

1. From the head cheerleader, Fundstrat’s Tom Lee, whose changing narratives have incorrectly but confidently called for an imminent and massive stock market rally:

@DougKass THIRD TIME in the last WEEK that @fundstrat has changed his BOTTOM call. Was last 2 Friday's Ago. Then this week. Today its "between now and midterms" – just more of the same from Tommy Boy and @CNBC
— … (@Anthony_IV) October 28, 2026

2. “Group stink” and simplistic first-level thinking from another Halftime panelist shrouded in hubris:

Drawdown Josh Brown's bullish, confident and remarkably simplistic soliloquy on technology earnings and stock prices this week (below) summarizes what is so wrong with Fin TV and the business media.

The investment mosaic is so much more complex than his 'glittering generalities'… https://t.co/NP76xnm6gb
— Dougie Kass (@DougKass) October 29, 2026

To me, the most audacious part of all this is that there will be no admission of a massive investment mistake nor will there be pushback from the shows’ moderators.

Position: None