Kudlow declares a new bull market
Posted by Ray on July 30, 2009 under cnbc, Economy, Markets | 
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He did this while saying there are good economic fundamentals, yes you read that correctly. This is the same guy who said 2Q09 earnings were better than 1Q09 which is horse manure, thanks to ZeroHedge.com for this data point:
I am not sure what economic data Larry is looking at, but he has to understand that spinning the numbers to seem positive is not the same as actual good economic data. He then says there is 20% more to run in equities. I hope he’s right, but I highly doubt it since he has flipped flopped back and forth over the past few months.
The bottom line is this, weak volume and less bad economic data does not mean things are fixed or that this is a new bull market. If it is a bull market it is not honest because you cannot short stocks, as discussed previously. Just another BS story from CNBC, no wonder their rating are in the toilet. All before tomorrows, potentially, hideous GDP numbers.
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