{"id":459504,"date":"2010-03-22T13:10:08","date_gmt":"2010-03-22T17:10:08","guid":{"rendered":"http:\/\/www.businessinsider.com\/doug-kass-i-was-wrong-2010-3"},"modified":"2010-03-22T13:10:08","modified_gmt":"2010-03-22T17:10:08","slug":"doug-kass-i-was-wrong","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/459504","title":{"rendered":"Doug Kass: I Was Wrong"},"content":{"rendered":"

\"dougkasscnbc\"<\/p>\n

Doug Kass, the man who famously nailed the market bottom, is acknowledging that since then his timing hasn’t been spot-on.<\/p>\n

This is too his credit — so many so-called gurus can’t acknowledge that their forecasts and trades are anything but 100%.<\/p>\n

Reuters<\/a>:<\/p>\n

Hedge fund manager Doug Kass on Monday said his bearish calls in recent months that the benchmark Standard & Poor’s 500 Index .SPX would decline in the double-digits are proving to be wrong.<\/p>\n

 <\/p>\n

Kass, the widely followed founder and president of Seabreeze Partners Management, told clients in a note: “I have been wrong — at least, Mr. Market has been saying so!”<\/p>\n

 <\/p>\n

In September, Kass told Reuters he was betting the S&P would end 2009 at about 920 and was shorting U.S. equities because “we are facing a period of disappointing economic and corporate growth.”<\/p>\n

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