theStreet.com's Doug Kass and his latest thoughts on the Market

Doug Kass was back on CNBC's "The Kudlow Report," on Tuesday night.  Here are the bullet points from Tuesday night's show and as usual, Kass is brilliant and on the money. Hang in there fellow Masters.

From Doug via theStreet.com --

- I remain confident that a generational stock market low is now in place - Click to Review that Article

- I described the early March low as a "Susan Boyle" moment that took most market participants by surprise.

- But equities have now fully discounted the "second derivative recovery"; stocks are ahead of the real economy.

- There is little causality between advancing stock prices and an improving economic recovery.

- Should Treasury rates continue their rise, they will provide additional competition to equities by the third quarter of 2009.

- Near term, more tangible signs of economic traction are necessary before the markets move toward my 1,050 target for the S&P 500 by late summer.

Last Market Moves on the S&P 500 thanks to Finviz.com:

SOURCE: http://www.thestreet.com/story/10509631/1/kass-the-kudlow-report-recap.html