Seven Thoughts From Doug Kass

Real Money commentator and Hedge Fund Manager Doug Kass has been right as rain in not only calling for last year's decline {although I don't think he expected its magnitude} and now for calling the bottom of this year's rout. He now thinks stocks are entering a much better environment and is not expecting us to revisit this month's lows. In fact he calls these a generational bottom. Below I've listed seven of his most current thoughts on why all of this is so.

From Doug Kass: Real Money.com "Seven Points I Want To Make", 3.26.09, 2:50 PM EDT.

1. The strength in stocks is impressive, especially within the context of the greatest political circus ever televised.

2. Stocks are not improving because of the government; they are improving despite the government.

3. The current rally is different this time as evidenced by the recent pattern of end-of-the-day strength.

4. The Nouriel Roubini Market Bottom of early March will likely be a generational low.

5. I expect the S&P 500 to rise above 1,000 by the summer.
6. Call this the George Costanza Market; it does the opposite of what everyone thinks it should be doing.

7. A surprising housing recovery will cure a lot of the banking industry's problems.

Link: http://www.thestreet.com/b/dps/te/20090326/theedge1.html {Subscription Required}

*Long ETF's related to the S&P 500.