Kass: 'Strength in Consumer Non-Durables a Warning' (CL) (PEP) (GIS)

Doug Kass, of Seabreeze Partners, says market participants should be aware of the strength in consumer non durables as a market warning sign.

A tweet on Twitter recently, from @DougKass: "once again the strength in consumer non durables (pg pep cl clx k gis etc) are a market warning sign."

Mentioned stocks include:

• Procter & Gamble (NYSE: PG);
  
  
• PepsiCo. (NYSE: PEP);
  
  
• Colgate-Palmolive (NYSE: CL);
  
  
• Clorox Co. (NYSE: CLX);
  
  
• Kellogg (NYSE: K); and
  
  
• General Mills (NYSE: GIS).

Notably, all are up on the session, though most are sustained on lighter volume.

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