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 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