The Best of Kass

NEW YORK (TheStreet) -- Doug Kass of Seabreeze Partners is known for his accurate stock market calls and keen insights into the economy, which he shares with RealMoney Pro readers in his daily trading diary.

Among his posts this past week, Kass explained why he has become a bull and discussed the possibility of a delay in the Treasury's sale of its AIG shares.

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That's Damn Right!
Originally published on Friday, Nov. 16 at 2:18 p.m. EST.

You better believe that I've turned bullish!

It was a quick segment on "Fast Money Halftime Report," which concluded in my response to Judge Wapner's question regarding my bullish turn: "Yes, that's damn right!"

I followed "Chaminade" Joe Terranova in a discussion on Apple (AAPL) , and I am in general agreement with Joe on the shares. (I love that he used my March 2009 "generational buy" term.) He is all in.

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Judge first asked me about Apple and then about the markets.

On Apple, I suggested, as Joe did, that the precipitous drop in the shares this week was likely in part a function of margin calls from hedge funds that had outsized positions in the stock (some of them that I know have a more than 15% weighting). Apple, I suggested, was a leveraged play on the capital market, and as stocks fell, it became an ATM (a source of funds and liquidity).