The Best of Kass
Among his posts this past week, Kass explained why he remains bearish on American Express, outlined the challenges that Apple faces and discussed the current struggle between inert fiscal policy and expansive monetary policy.
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Bearish on AmEx
Originally published on Friday, Oct. 12 at 3:20 p.m. EDT.
American Express (AXP) has traded (relative to other financials) as if the company will report a reasonably large miss in third quarter 2012.
I continue to expect the company to disappoint, as European billings weigh down top and bottom line.
At the time of publication, Kass was short AXP.
More Fast Times at 'Fast Money' High
Originally published on Tuesday, Oct. 9 at 1:21 p.m. EDT.
Brad Hamilton (Judge Reinhold): Why don't you get a job, Spicoli?
Jeff Spicoli (Sean Penn): What for?
Brad Hamilton: You need money.
Jeff Spicoli: All I need are some tasty waves, a cool buzz, and I'm fine.
-- Fast Times at Ridgemont High
Here is what I discussed on CNBC's "Fast Money Halftime Report" a few minutes ago.
I was asked by Judge what's up with Apple (AAPL) .
I explained that the stock had market issues, technical issues and company-specific issues.