Kass Warns: “The Scent Of Group Stink Is As Strong As In 2000 & 2007”

Authored by Doug Kass via RealInvestmentAdvice.com,
* In a paperless and cloudy world, are investors and citizens as safe as the markets assume we are? – Kass Diary
Another provocative missile launched by North Korea and another apparent terrorist attack in London, England, are, once again, overnight and early-morning features of our reality as investors and as citizens.
The S&P futures fell a meaningless four handles from the time of the events, indicating even the machines and algorithms couldn’t care less about much of anything impacting equities!
‘Nothing succeeds like success.’ – Alexandre Dumas ‘Group stink’ runs thick these days, as Dumas, a 19th century French writer, noted. To this observer, our markets’ resilience is all too reminiscent of former Citigroup CEO Chuck Prince, who kept on dancing because the music was still playing.

This post was published at Zero Hedge on Sep 23, 2017.