The DOW is up about 10% since this article was written?
That's not bad for a year...so I don't get how Kudlow was wrong.
He was wrong because he believes corporate profits, which usually translate quite well into a rise in equities also means an improving economy. This is simply false, and it
always has been. The stock market, up or down, has NEVER been a leading, current, or trailing indicator of the economy.
NEVER.
In every cycle, we hear about how this time the stock market really really really is tied to the health of the economy. No, it's not.