Doug Kass Adding To TBT (TBT)

Doug Kass just sent out a

that he is adding to his position in ProShares UltraShort 20+ Year Treasury

. He points out that there is a divergence between TBT and the S&P 500 over multiple time frames. Kass, a noted short seller, is the president of Seabreeze Partners and a frequent contributor to TheStreet.com and CNBC.