• Markets
• Economy
• Federal Reserve
• Housing
• Energy
• Digital Media

Media Appearance: Kudlow & Company (10/10/06)

Back in the studio for the regular appearance with Kudlow tonite, at 5:00 - 5:25pm.

The topics will include "Nuts with Nukes," Google/You Tube, The Economy, and a brand new Earnings Season.

Guests include the Goldilocks herself: Diane Swonk (of Mesiro Financial), the erudite Nouriel Roubini of NYU, and Dennis Kneale, Forbes.

A few random thoughts about these items:

• Google's Purchase of You Tube was essentially "free" given the stock rise since the trial balloon;

• The markets have ignored NK's nukes, reminding us there is a fine line between Resilience and Complacency;

• The Odds of GOP Retaining Congressional Control continue to slide; This could create both a sell-off in November and a buying opportunity in the event of a correction; It may even see some spending discipline come back into Congress via PayGo.

• Negative Earnings preannouncements have outweighed positive ones for the first time in many quarters; This has also been the first quarter that saw dividend increases falter;   

• Housing remains in the early stage of correction

• The market just refuses to go down -- its fairly astonishing; This will continue until one day when it suddenly stops;

Should be a gas . . .

Tuesday, October 10, 2006 | 04:00 PM | Permalink | Comments (13) | TrackBack (0)
add to de.li.cious | digg this! | add to technorati | email this post

Comments

BR: You predicted the DJIA would close at 6800 in 2006 during the start of the year. While I too am bearish, do try to explain how we get there from where we are now during your CNBC appearance. Have you changed your mind since then?

~~~

BR:

I don't know if we will hit 6,800 before 12.31.06, but I am looking for a major correction between now and then.

Incidentally, where are the props for the high call before the fall? My numbers in the article you linked to were S&P 1,350 and Dow 11,800, which are w/i 1% of. (The Nasdaq is nowhere near my prediction of 2620).

Posted by: Emmanuel | Oct 10, 2006 4:34:59 PM