Before you read today’s Over My Shoulder from Doug Kass, I want to be sure you know about the online emergency summit we’re holding exclusively for our loyal subscribers. This video explains why we’re organizing this event and contains information I think you should know.

Take a look—it’s under 2 minutes.

Let us know what you think once you’ve watched it.

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Doug Kass sent this out this morning, noting that two years ago bulls based their bullishness on fundamentals. Now, valuations are up, but fundamentals suck. This bull run is pure emotion and valuation/multiple expansion.
 
The data is fascinating.