Media Appearance: Kudlow & Company (5/24/07)

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Its the regular appearance on Kudlow tonite: We will be discussing unlikely potential Fed Cuts (a Bullish mantra for some time now); today’s Market Reversal, Home Builders and Inflation, from 5:00 til about 5:30 or so.

Its a pretty stellar line up:  In addition to your humble narrator, the guests include David Malpass, Gary Shilling and Jim Awad.

What can we discuss?

• The Technical Reversal on pretty big Volume — Dow up 70 to down 90 (as of this writing);

NYSE 3.1 Billion shares
Nasdaq 2.3 Billion shares
Qs did 200 million — the most since Feb 28th (300m)

Prices plummet, New Home Sales Surge (but double digit monthly gains are usuaally reversed);

Overstated Job Market Strength;

• Tech Weakness and the ongoing rotation into Defensive names (Utilities, Consumer Staples, Insurance, Pharma, Telco);

Cult of personality: Why does anyone still pay attention to former Fed Chair Greenspan?  His influence of Fed policy is now zero; he was a particularly awful forecastor. So why do people STILL hang on his every word?

UPDATE March 24, 2007 10:31pm

I meet Jim Awad in the green room (nice guy), but I am unable to strike up a conversation — because Kenry Kissinger is in the room.

While Henry the K is on air, I hang around shmoozing with his entouarage, chatting about music. Turns out Henry is okay with photos, so one of his bodyguards uses my phone camera to grab a snap.

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Turns out that, yes, you can get around the secret service muscle — if you were just on the CNBC . . . 

 

Category: Media

New Home Sales Up (but beware double digit monthly gains)

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WSJ: Overstated Job Market Strength?

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Larry Sanders Show

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Relative Short Interest/Total Market Float

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“Ten Ways EMI Will Be Changed by Its New Owners”

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Afternoon Break

Category: Digital Media, Television

QOTD: Inflation

Category: Inflation