'End-of-show Comments'
Thursday, May 7, 2009

Jim had the following end-of-show comments:

Jim:       I get to talk to my old partner and good friend, Larry Kudlow, from Kudlow and Company. Larry what is going on on your show tonight?

Larry:     Hey Jimmy, of course we are going to cover the stress test stuff. But let me just say right at the outset, to me, the biggest stress test is the stock market. That is the key. It is roaring, including banks as you know better than anybody. Second, the economy I think that the numbers are showing that we are out of recession and moving into recovery. That is good for banks. I have got to be honest with you Jim, I think that all of these bureaucratic regulators are lagging indicators, give me the stock market any day.

Jim:       I have got to tell you. It was very depressing to me. We had a down day, and all of a sudden all of those bears came out of the woodwork. Like none of the good things that have happened, that you and I know are good, how do we silence these guys when they have been so wrong?

Larry:     Have got to keep fighting here. You are absolutely right. Our friend Dougie Cass, called it a Roubini bottom, he is going to go on for three more years telling tales about how bad things are, even though things are improving as you have talked about and I have talked about.

Jim:       I agree, Larry, you have a great show. I miss you partner.

Larry:     I miss you too.

Jim:       Larry Kudlow tells it like it is every single night and I am proud that I work with him.. alright, here is the deal.. I like to say that there is always a bull market somewhere, and it happens to be in the banks.

 

[verbatim recap]

[end of show]

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