the markets have done. i ve gone back to 2007. take a look there. october 9, 2007. the reason there are three lines, that s the dow, the s&p 500 and the nasdaq. you ll notice they move the same way. the dow hit 14,000 and that was its high, through 2007, 2 into 2008 and 2009 that was dropping. march 9, 2009, you can see there the dow hit where is the dow, 6,547. that was the low of the market. look at that, since then it s just been growing and growing and growing and right now the dow, the s&p and the nasdaq which represent a lot of the stocks that you invest in are as high as they ve been since some point in 2008. they ve done well. so what does this mean to you? what are you supposed to do with all of these charts? this is for me, what do you do with it? i talked about what to invest in with ned riley. he s a chief investment strategist on my weekend show your money listen to what he told me. let s take a look at some of the best performers over the
very happy day for many people in new york who didn t think they d see this. we start with breaking news right now $7.2 billion worth of breaking news. you cannot buy justice, but it will buy a lot of peace of mines for thousands of innocent investors who were fleeced by bern. y madoff. i don t know if the press conference is still going on. it was moments ago when i came in here. i understand from my producer it just wrapped up. it announced the largest civil for give you are. it represents the proceeds of a bernie madoff investor who wasn t fleeced. he was one of the successful ones and became a target of the madoff victims trustee. here is the word from the chief federal prosecutor from new york. a few minutes ago a manhattan federal judge approved a settlement agreement between my office and the estate of jeffrey picower represented by his widow, barbara picower. the agreement resolved a complaint we filed this morning seeking to recover the profits that the picowers r
look at that. of course, our demographic is the highest demographic in television and that goes to the point the critics would make which is it would benefit those who are at the top of the income scale. exactly. i mean, you know, let s just be honest for you 86% out there. you re not getting a flat tax. i mean, i m just going to state the fax. steve forbes has been a guest on this program numerous times discussing the merets on the flat tax and interesting to see those numbers. if you just play it out hypothetically if you were to do it and then you re going to be getting rid of. i m not saying these are good things to get rid of or bad things. personal economy, how many jobs in america are linked to the bloated and ridiculous tax code that we have? it might be bloated and ridiculous. is that necessarily a bad thing? you wonder about the revenue side and fairness. when was the last time we had significant tax reform in this country? it s been a long time. have we
deere and stronger than expected housing is that rights. another billion acquisition involving walgreens and duane reade, not hurting sentiment either. the s&p 500 is trading higher by a quarter of a percentage point, almost three point, 1,077 the last trade there. 10,288 and the nasdaq moving higher today as well. it is up a third of a percentage rate at 2222. trish, what s happening on the floor so far this morning? melissa, we re seeing stocks try to hold on to yesterday s gains. so far, managing to do so, however we are off the highs of the session. we have seen some strength in the earnings numbers and economic reports out today and that s contributing to this upside. i want to bring in bob who earlier was telling me that come on over here, bob. good, how are you? you were saying earlier that you think this rally is a little bit, and i quote, strange. so explain what you mean. we re getting smacked around by the currency markets again and they can t decide what t
pawlenty of minnesota tells us how to restore the dollar, american prestigious and economic growth. but will the falling daughter blow up the economic recovery. and is the stock market rally just a big fed liquidity play that will end badly? and buyer s remorse. wall street boycotts president obama s fundraiser. fasten your seat belts, everybody. the kudlow report begins right now. good evening. welcome back. we believe free market capitalism on the supply side is the best path to prosperity. first up is the dollar s demise a sign of global decline for america? and will it blow up the bull market economic recovery? let us get right to our very special guest. here now is minnesota governor tim pawlenty. really a leading gop presidential contender for 2012. governor, welcome back to the program. i think you re jumping to conclusions there, but it s good to be back with you nonetheless. thanks for having me on. that s what i do. i jump to conclusions. i basically make a