In my opening missive on @thestreetpro I explain why I shorted the Indices at 4AM this morning:
Dougie Kass
1h ago
I am back adding to Index shorts with S&P futures +20 handles and Nasdaq futures +260 handles:
*$SPY $752.33
* $QQQ $736.17
Unlike Fin TV, I timestamp and memorialize every trade in real time.
And unlike panelists I am often wrong and always in doubt.
I don't sweep my losers under the carpet.
I don't use Twitter or @business to polish my image and "improve" my franchise to sell a service or gather assets.
Bottom Line: I don't really care about B.S.'ing home gamers.
@KeithMcCullough @SamofAmerica @RPKent @HedgeyeDJ
Doug Kass shorted major indices (SPY at $752.33, QQQ at $736.17) at 4AM, emphasizing his real-time trade disclosure practice and willingness to acknowledge losses, contrasting himself with media personalities who selectively present their record.
Author shorted QQQ at $736.17 when Nasdaq futures were up +260 handles. Current price $729.86 (-1.90%) shows larger move in author's favor. News mentions Fed rate concerns and tech earnings focus, but author provides no fundamental catalyst—only that futures were elevated at 4AM entry. Confidence lowered due to lack of specific rationale beyond timing and levels.
Author shorted SPY at $752.33 when futures were elevated (+20 handles). Current price $750.33 (-0.60%) shows modest move in favor of the short. News highlights Fed rate decision uncertainty and technical indicators discussion, but no specific catalyst provided for the short beyond elevated futures levels at entry.
关键要点
Added to index shorts with S&P futures +20 handles and Nasdaq futures +260 handles
Entered short positions: SPY at $752.33, QQQ at $736.17
Emphasizes transparency by timestamping trades in real time, unlike financial TV panelists
Acknowledges being "often wrong and always in doubt" and not hiding losing trades
