Doug Kass on "bullishness"

Which gets me back to the media and a recommendation that I respectfully suggest to every host on CNBC, Bloomberg and Fox Business Network -- when interviewing a member of the bullish cabal, ask the following questions:

1. What is your investment mandate?

2. Do you have the flexibility to raise or reduce the cash component of your portfolio?

3. What was your cash position two years ago, what was your cash position a year ago and what is your cash position today? And why were your cash positions at those levels?

4. Have you ever been bearish?

5. How have the deteriorating economic conditions and worsening profit picture affected your market and economic views?

6. What change in conditions from current expectations would lead to a further change in your market views?

I might add, in bull markets, the obligation of the media is to ask the bears the same questions.