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Kudlow & Co. Appearance (5/14/08)

Another appearance on Kudlow & Co. tonite, from 7:00 to 7:30pm (ish).

Also on tonite:  David Malpass, Bear Stearns chief economist, Jimmy Pethokoukis, senior writer at U.S. News & World Report, Andy Busch, global FX strategist at BMO Capital Markets, Jim Awad, chairman of WP Stewart Asset Management, and Don Luskin, chief investment officer, Trend Macro.

Note that Jimmy Pethokoukis and I have a bet as to whether or not there is a recession or not.

UPDATE:  May 14, 2008  11:47pm

Considering it was 4 on 1, I thought I held up pretty well.

Click for video

In comments, several people were critical of the appearance. While I appreciate the perspective, its very difficult to explain what live TV is like (or in this case, Live to tape).

You have 15 seconds to make a point. What you really need is 15 minutes to discuss any of these items in appropriate detail. Instead, its a series of feints and jabs, parries and thrusts.  My goal is to intelligently discuss these issues, focus on reality, while presenting my firm in the best possible light.

For those of you who have never done TV, its a matter of choosing your battles. And, its much harder than it looks.

Almost every time I am on, I have a "Terminator moment" -- 4 good answers pop into the frontal cortex (POSSIBLE RESPONSE: YES/NO; OR WHAT?; GO AWAY; PLEASE COME BACK LATER; FUCK YOU, ASSHOLE),

This being tv, I am forced to go with the economic equivalent of "F*ckYou a**hole." The pithy response that makes the point, not the longer soap box answer I would rather make.

Wednesday, May 14, 2008 | 05:30 PM | Permalink | Comments (65) | TrackBack (0)
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Comments

I was out all day...but saw that, as predicted, as soon as QQQQ volume picked up in any way, down she went. It printed a nasty shooting star candle. Volume, though shy of the 100 day MA for the 38th out of 39 days of this new bull market, picked up about 70% over the last few days. 10 day total put/call is 89, the range where bad things happen for longs...it's been lower only once in the last year.

Posted by: Steve Barry | May 14, 2008 5:41:07 PM