Media Appearance: The Kudlow Report (3/17/11):

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Back on the Kudlow Report at 7:00 pm this evening with (Super) Mario Gabelli.  We will be discussing the Market sell off and bounce, Japan, and energy policy.

My takeaway:

• My Market view is here

• Today looks like little more than a technical oversold bounce.

• However, we have been very headline driven — very good  news (or very bad news) from Japan could have a big effect on markets.

• Possible downside targets for the S&P500 are 1228 (-9%), then 1179 (14%), 1127 (19%).

We added a few names and are now 30/70 Long/Cash

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