Kass: Tops Are Processes – Part Deux

“Tops are a process, bottoms are an event.” –Wall Street adage Back in July I wrote about the possibility of a market top; that warning “bears” repeating in an updated form and version. In that column I wrote that tops are a process and bottoms are an event, at least...

Kass: The Bullish Bias Resounds

This morning the futures (S&P and Nasdaq) are, as is the custom, higher. The markets continue to ignore a number of cautionary signposts/macroeconomic events/concerns and are benefiting from the float shrink of 5-7 years of corporate share buybacks, the dirty...