More on why risk-blind bulls will be proven wrong

Once more to the fore: the US stock market is near cycle highs (again). In a rare useful clip, Seabreeze Partners Management’s Doug Kass explains why he believes present prices are unjustified and unsustainable.Here is a direct video link.

The rest of the ‘trading’ banter in this clip is the usual financialtainment nonsense. No wonder the network’s viewer numbers have recently fallen to the lowest levels since 1994… I guess their audience has been burned enough times over the past 15 years to lose interest. I am reminded that the network asked me to do a regular spot on a new commodities trading show they were developing in 2011 (right at the peak of the commodities rebound). Thankfully I had the humble sense to decline.

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