Market Maven Douglas Kass Thinks NASDAQ Is Primed To Tumble

Television personality and market maven Douglas Kass says that given the state of tech stocks the NASDAQ may be set to tumble.

The occasional guest host for CNBC cable television's Squawk Box market commentary show and president of Seabreeze Partners Management took to tweeting his view Thursday.

Given the extraordinary run in "old tech" (MSFT, INTC, etc.) and the valuation stretch in "new tech" (NFLX, AMZN, etc) -

— Douglas Kass (@DougKass) July 17, 2014

the Nasdaq might be perfectly positioned for a drop now. $QQQ

— Douglas Kass (@DougKass) July 17, 2014

Kass is not unique in expressing caution over the the bull market, now more than five years old.

"But to get a bear market you have to have a catalyst,” Marc Pado of Dow Bull Consultants told the Dallas Morning News recently.

The NASDAQ Composite on Friday morning was up 0.53 percent to 4,386.71.