Skip navigation
The Kudlow Report: Kudlow CaucusThe Kudlow Report: Kudlow Caucus - From Washington to Wall Street, Pro-Growth Opinions, Perspectives & Strategies to keep you on the pat to prosperity
WEEKNIGHTS 7P ET

SHOW TIMES

CNBC US:
Weeknights 7p ET

CNBC Asia:
Saturday 06:00 SIN/HK
Sunday 04:00 SIN/HK

CNBC Europe:
Monday - Friday 10:00 CET
Saturday 06:00 CET
Sunday 04:00 CET

RSS FEED

» Help

Current DateTime: 04:07:01 27 Nov 2009
LinksList Documentid: 28796340

CONTACT US

Comments? Questions?
We want To hear from you!
E-mail:
Are you buying or selling stocks on today's bigger than expected jobs loss?
Published: Friday, 2 Oct 2009 | 1:27 PM ET
Text Size

The Kudlow CaucusThe Kudlow Caucus
We asked our panel:

Are you buying or selling stocks on today's bigger than expected jobs loss?

Buy: 5
Sell: 6
Hold: 1

Watch "The Kudlow Report" tonight at 7pm ET and find out what out caucus members have to say about the bigger than expected jobs loss numbers.





The Kudlow Caucus Breakdown

Jerry Bowyer

BUY
Jerry Bowyer
Chief Economist, Benchmark Financial Network
A jobless recovery is still a recovery.

Keith BoykinKeith Boykin

BUY
Keith Boykin
Fmr. Clinton White House Aide / The Daily Voice Editor
I would buy for the short term expecting a fall rally and then a drop by the end of the year.

Doug KassDoug Kass
SELL
Doug Kass
Presidnt, Seabreeze Partners Management
As a result of the jobs data, many of the assumptions built into the bullish economic model for 2010 must now be re-examined.
Jim Lacamp

SELL
Jim LaCamp
Portfolio Manager, Portfolio Focus, RBC Wealth Management
Co-Host, Opening Bell Radio Show, Biz Radio Network
The real answer is neither, and both! but if I had to choose it would be sell. I don't trade on news per se, but rather see first how the markets react and adjust accordingly. Yesterdays action raised several red flags so we have tightened all of our stops, while actually watching for weakness in leading stocks as a buy opportunity.

Art Laffer
HOLD
Art Laffer
Fmr. Reagan Economic Advisor
Chief Investment Officer, Laffer Investments
I’m not changing my portfolio as a result of these numbers. They are approximately what I thought they would be.
Joseph A. Lavorgna
BUY
Joseph LaVorgna
Fmr. Reagan Economic Advisor
Chief Investment Officer, Laffer Investments
I’m buying because stocks are cheap relative to their projected earnings stream. Nominal GDP has been negative the last quarters which has never happened. A turn to positive growth this quarter combined with operating leverage should be good for stock prices.
Donald Luskin

SELL
Donald L. Luskin
Chief Investment Officer, Trend Macrolytics LLC
We’re way overdue for a correction, and this jobs disappointment is just part of the general revision of overall recovery exuberance that will trigger it.

Steve Moore

SELL
Steve Moore
Sr. Economics Writer, The Wall Street Journal Editorial Board
I would be selling if I had any left. The stimulus is now an indisputable failure.

James Pethokoukis

BUY
James Pethokoukis
Money & Politics Columnist
Reuters
Yes, unemployment will stay high and growth tepid. But money continues to flow into US financial assets. What's more, the political situation is evolving into a plus. Any big government policies not passed by year end ain't going to happen. 2010 is an election year and Republicans will be in an enhanced position after the midterms.

Robert Reich

SELL
Robert Reich
Former Labor Secretary
Professor of Public Policy, UC Berkeley

Consumers are fading and aggregate demand is evaporating, except for the government’s stimulus and subsidies. And we can’t count on the latter for much longer.

Noam ScheiberNoam Scheiber

BUY
Noam Scheiber
The New Republic

If I were active in the market and trading on today’s news, I’d probably buy. The lousy employment report hasn’t changed my view of the fundamentals—I already expected a tough, several-year-long slog, particularly in the labor market. But today’s numbers make it more likely that we get additional fiscal stimulus (for example, the extension of jobless benefits that’s currently bogged down in the Senate), which makes me marginally more bullish.

Lynn TiltonLynn Tilton

SELL
Lynn Tilton
CEO, Patriarch Partners

I am short term short but long term long on America.

© 2009 CNBC, Inc. All Rights Reserved
Add This share icon
Text Size
  • digg share
ADD COMMENTS
Remaining characters


Current DateTime: 02:07:18 27 Nov 2009
LinksList Documentid: 29778428

Current DateTime: 01:04:06 27 Nov 2009
LinksList Documentid: 29779196

Current DateTime: 01:04:06 27 Nov 2009
LinksList Documentid: 29779199

Current DateTime: 01:08:06 27 Nov 2009
LinksList Documentid: 29779198
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
A Division of NBC Universal
Thomson ReutersThomson Reuters