Thursday, March 27, 2008

Kudlow Says the Market was Down 190% between 1965-1982

Former Reagan economist and former Chief Economist at Bear Stearns was on his show last night discussing this WSJ article when he made a comment that made me question why anyone listens to him.

Basically, in talking about returns over several time periods, Kudlow said that the market was down 190% between 1965-1982. 190%!?! Of course that's impossible, and yet, there was Kudlow telling his viewers about other past market funks.

Short traders would love it if -190% returns were possible

Check out the video clip here.

Watch from about 2:10 to 2:25

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