An Extract from CNBC
Famed strategist Douglas Kass said Friday he is getting long the market and bullish financial names.
"I think it's approaching a time to re-risk," said Kass, founder and president of Seabreeze Partners, adding that the Standard & Poor's 500 Index [.SPX 1071.69 -3.94 (-0.37%) ] is contained between the range of 1020 and 1150. "If the market continues to decline, I will expand the long book further." .....
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