Computer malfunctions shook American equity trading for the second time this week, freezing thousands of securities listed on the Nasdaq Stock Market for three hours and raising fresh concerns about the fragility of exchanges.
Stocks and metals gained on data showing improvement in manufacturing and the U.S. labor market amid a three-hour trading halt on the Nasdaq Stock Market. The dollar rose as signs of an improving global economy increased speculation the Federal Reserve will reduce stimulus.
Douglas Kass, general partner at Seabreeze Partners Management Inc., talks with Bloomberg's Ken Prewitt and Tom Keene. For more ``Surveillance'' and ``On the Economy'' podcasts, please visit iAmplify.com.
Douglas Kass, the investment manager betting against Berkshire Hathaway Inc., accepted billionaire Warren Buffett’s challenge of asking bearish questions about the company at its annual meeting in May.
The post-election rout in U.S. stocks has driven the Standard & Poor’s 500 Index down so far that it would have to advance 26 percent to reach the valuation of bull markets since John F. Kennedy was in the White House.