Buy index puts, sell index calls or purchase inverse ETFs because stocks, corporate profits and P/E multiples are going down says Real Money Contributor Doug Kass.
Those are just some of his surprises for 2014. He also says bonds will outperform stocks this year with the yield on the 10 year US Treasury note finishing between 2.5% and 3%.
As for individual stocks, Kass says investors should avoid or even short Apple shares as profit estimates for the tech giant are slashed.
I think [AAPL] is going to spend most of the year under $525 per share because profit estimates are again going to be shaved. – Doug Kass
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Direct link to video here.
MacDailyNews Take: What no talk of an Apple stock split this year?
Judging by the video and audio quality, Dougie’s suffering along with a crappy Windows PC. Get a Mac, Doug.
[Thanks to MacDailyNews Reader “Bill” for the heads up.]
Doug Kass goes long with Apple Inc. stock – May 23, 2013
Doug Kass: I made a mistake on Apple – March 7, 2013
Doug Kass shows how easy it is to manipulate shares of Apple – February 27, 2013
Rotten rumors of impossible Apple stock split helps fund manager Kass clear profits – February 26, 2013
Can the U.S. SEC prosecute Doug Kass over Apple stock split rumor? – February 27, 2013
Doug Kass: Apple to announce stock split on Wednesday – February 26, 2013
Doug Kass: Apple ‘is dead’ – January 30, 2013
Doug Kass: Buy Apple – November 13, 2012
Doug Kass strikes again, citing Woz’s ‘Apple is so arrogant over iPhone 5′ complaint – October 12, 2012
Hedge-fund manager Doug Kass: Apple is losing its mojo – October 3, 2012