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]