Forbes' Karlgaard on Kudlow: Stocks up because Obama issues in trouble, Obama being moved "toward capitalism"
July 24, 2009 1:02 pm ET
From the July 23 edition of CNBC's The Kudlow Report:
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Not so fast, President Obama. Stocks are rallying and the Pundits That Be would like to take it back and credit anything and anyone but you for the current good run. Not to worry, though, these very same Pundits That Be will give it back to you the moment things appear to go south.
It is basic fact that market movements cannot be predicted ahead of time with any accuracy. If you predict it goes up and it goes up that is just complete luck. There is no science behind market predictions. Devoting any time to it on your program is just an enormous waste and the fact this his show is just a propaganda vessel to spew trash about Obama and blame Obama for any preceived problems in the market makes him one of the worst people on television.