that's right. i am recommending the $3 and change citigroup. the insomniac bank that i once blasted as being a somnambulist. buying the stock is the best way to serve yourself and to serve your country, the perfect combination of patriotism and profits. before you laugh, before you assume that i wasn't diagnosed with a.d.d. as a child but with a possibly terminal case of s.t.u.p.i.d.d., let me give you not one, not two, not three, not four, but five reasons why this stock should be bought right here and bought all the way down to 3, if it ever sees that level again. here's reason number one. citigroup is dirt cheap. some banks sell off of earnings, some off of book value, some off of both. now, it is hard to figure out

what a bank is worth. it's really difficult to figure out what citigroup is going to earn. the so-called normalized earnings, i give up. i can't figure it out. i spent the last three days on this. but i pay book value at a glorious $4 a share. a bank like citigroup with a global franchise and profitability in hand should sell at a minimum at 1.5 times book value. >> that was easy. >> by the way, book value is actually going up because they're making money. you know what that means? it means you have a $6 stock masquerading as a $3.75 stock. hold it just a second. lots of after-hours trading here. let's just get a final closing price. because this thing is trading like water. let's call it $3.80. and there's a lot of room for it to run to my new, you heard it right here, $6 price target. reason number two, on september

10th, the government is free to start trading its 34% ownership position in the country. we've got a stake already. but let's make it more palpable. here's where you can help close the budget deficit. right now, the government is up about $5 billion. that's right. we're 5 billion to the good. you take this stock to my price target and you've got a $20 billion windfall for the treasury and ultimately the taxpayer. i think the government will scale out of the stock rather than do a big offering, but either way, you're going to eliminate the gigantic overhang. reason number three, got to help the sats, the best college rankings were out today. reason number three and ethnocentricity. there's your word. we only think of the united states when we think about citigroup. we're hackless americans. how about the other 108 countries where it's the dominant bank? 50% of this company's business is in emerging markets.

don't you like those more than ours? when you go away, there's two things you always need to know about. you need to know two things. you need to know where the u.s. embassy is and you need to know where the citibank this. this is a global franchise that should recover with the rest of the world, even if america lags behind. how about a fourth reason? it's getting out from under a ton of bad loans and doing it fast. it's going to be dividing the bank into citigroup holdings, no thank you, and citigroup proper. citigroup proper is 1/3 retail bank, 1/3 global services, 1/3 investment banking. all three are immensely profitable already. i think the split-off will do a lot to bring up the value. that's another way i'm going to get to my $6 target. reason number five, existing management. how about ned kelly? he's not going anywhere. he's staying put. the government would be absolutely nuts --

>> they know nothing, they know nothing, they know nothing! >> to remove either one of those guys as the turnaround is real and huge. and the books are clean. the bad stuff is going away. that's right. they're real and terrific, so to speak. all right. why the heck is the stock trading at $3? $3.80, how can that be? all right. well, first, the government's solution was terrible for existing shareplholders. i think we are recovering. i think housing has hit bottom, stabilized. despite what the media and the deustche bank has to say. boi deustche bank? they don't even live here. why shouldn't we have citi? the third thing that's keeping the stock down, yep, it's the wrath of sheila bahr which is worse on "star trek 2."

recordo montalban put the earwig in the ear. she doesn't like these guys. so as a shareholder, you live in fear that she'll wake up and say, hmm, you're fired. that would be awful. like trump, you know? you're fired. because despite the bright spotlight that these guys get hit with every day, believe it or not, the top people who work at this bank remain local and they're not going anywhere unless you fire the boss. there's no turmoil at the top. they're still getting good recru recruits. people are not leaving like they think they are. he's the guy that can help you, me, and the federal government now that the stock is moving. and it is moving. look, i know buying citigroup is risky, but wasn't bank of america risky when i told you it was a buy at $3 and change? it's part of a gigantic rally. i know that it is especially risky ahead of tomorrow's unemployment report, but it's

good. buy the stock unchanged. if it's bad, meaning a luft jobs are lost, then you get your chance to buy at a discount. i don't think this can be like bank of america. that one galloped from three to the mid-teens quickly. that's why i own it. but i like to think of citigroup as a stock that might get to 12. it's got a ring to it. not quick, but terrific appreciation. here's the bottom line on this big -- i always talk about the markets at the top of the show. i broke form tonight, right? citigroup is now the ultimate call on economic growth worldwide. as someone who has hated citi all the way down, someone with create cred, although not a wall street gangster, street cred in the name, i now not only give citigroup my blessing, i say buy it right here for the good of

the country and more important the good of your portfolio. why don't we speak to adam in nebraska. adam? >> caller: a big boo-yah from omaha, nebraska. >> boo-yah. >> caller: i am no warren buffett. can you explain why a stock would go down significantly when it's a really high yielder? yesterday, lin energy was 11.5% yield and the stock still went down 4%. am i missing something? >> they knock it off for, you know, for the -- the amount of dividend, the stock goes for x, you don't get that dividend. you've got to own the stock on the must-own date the day before. it could get knocked down on earnings alone. i mean, look, i'm glad you came to me. that's going to ask you whether corn-fed steak is better than grass-fed steak. i'm telling you it trades -- just go to nebraska for it. you lose that dividend.

stock gets knocked down. we'll find out later, of course, because we happen to have the wonderful and fabulous michael lin on the show tonight. carolyn in connecticut. >> caller: hi, jim. big old connecticut boo-yah. >> man, fancy boo-yah. >> caller: those are my kids in the background. >> love the familia boo-yah. put them on. put them on. let's get them in the market. >> caller: okay. say boo-yah. >> boo-yah! >> there you go. yes! how many other shows have got -- do you think any of those shows like csi got the kids watching? okay, go ahead. notice how i just knocked a cbs show because i'm not too stupid. go ahead. >> caller: i don't think you've got a boo-yah lately. jim, this is my question. people in the news keep talking about a double bottom. qul look at my chart, i see a double bottom. i see a bottom in october and another one in march. and i feel like we're good to

go. i don't know whether to -- and then they talk -- some people go farther and say there will be a 10% krekcorrection and i say we that already. >> the 10% correction, i'm going back and forth. my friend doug at realmoney.com, he's saying nobody is sure. he's looking for the market to go down. i like your bottom thesis and i think we may have rolling corrections per sector, but this market, i don't think is ready to plummet at all. if anything, i would put the odds that it goes up more than it goes down. you know, tomorrow's unemployment, i can look bad, i think we could get hit. i say we go right now -- we go clear across the country to paul in oregon. paul? >> caller: hello, jim cramer. a first-time, long-time since day one time boo-yah to you. >> we love it. what's up? >> caller: hey, jim, some education please. are we witnessing the early

stages of a period of panic buying in the stock market? if so, how long does it usually last? and what typically happens after panic buying is over? >> all right, paul. panic buys comes at the end of a big move, which is one of the reasons why there are so many people saying things are short. you get the kind of buying you've been seeing in an mbi, you get the kind of buying you're seeing in a cit, in an aig at the end of a move. and that's got people worried because there is a -- there's fraud. i say start buying. i think it's part of the game. i do not make that conclusion. i make the conclusion that citigroup is cheap here. global franchise, unloading bad loans, fabulous call on worldwide economic growth. good for the country, good for your pocketbook. citigroup, it's a buy. coming up, cramer adds

another member to his foreign legion. tonight, jim is headed to chile to find you a refreshing stock that could pour some profits into your portfolio. plus, how can you tell if one bad apple is spoiling the whole sector? cramer picks apart the accounting stocks to give you the ones that could be ripe to buy. undefeated professional boxer floyd "money" mayweather

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tonight, we're once again

joining the foreign legion. not the french foreign legion, the cramerican foreign legion. you probably should be since we're no longer in control of our own financial destiny. we're not china. the way around this whole thing is to do what i've been suggesting all week. buy foreign stocks with good fundamentals and high yields. 20% of your portfolio should be foreign. tonight's latest member of the foreign legion takes us back to south america and the name is ako-b. a more consumer-oriented play than the other stocks i've mentioned so far in the series. a couple of utilities, a pipeline operator and an oil company.

andina is a non-alcoholic beverage play. people need to drink. the company is coke's seventh largest bottler and it also distributes fruit juices, teas, sport drinks and bottled water. the company is the largest bottler in chile, so that's why we brought out the sea bass. the second largest in brazil and in argentina. it's located in the fun, densely populated area, buenanuenos air. it's 57% in the chilein market. 51% in argen tee argentina.

the beverage distribution business is about as stable as it gets. there's not a lot of growth. in latin america, especially in the city wheres they do most of their business, the popular grows at a pretty torrid pace, which means more people are drinking more beverages, creating opportunities for volume growth at companies like andina. bottling is usually profitable. ask the pepsi ceo, a cramer fav and a yankee fan that made a brilliant plan to buy the pepsi bottlers back. it's going to boost pepsi's numbers. you should get some. why latin america? chile, argentina and brazil are in better shape than the u.s. a low ratio of dependents to working-age population. even argentina is pantsing us, but that's another reason to own a company like andina.

it p right now it pays $1.08 per share, which chmewhich means it got a red-hot 6% yield. it isn't very liquid in the u.s. in chile, the underlying stock trades about 500,000 shares a day. be careful of smalling small increments and use limit orders so you don't move the stock. for a safe latin american stock with a bountiful 6% yield, look no further than the latest member of the foreign legion. look at andina, ako-b. mary in california. mary? >> caller: can you call me on my house phone when i call back? can i call in on my house phone? >> sure. you can call me on my cell. i'll give you my cell number. >> caller: okay. >> it's cramer. you got cramer. >> caller: oh, this is cramer? hi, cramer! >> hi, mary.

how you do? it's me. you can call now or after the show. better to do it in the show. >> caller: okay, great. >> you got me. what's up? >> caller: i want to know about deustche telecom. >> all right, all right, i'll give you deustche telecom. >> caller: yeah! >> yeah, definitely. all right, deustche telecom, this thing has been like a bond. it's been such a dead stock. but it yields 8%. i think the yield is safe. i want to buy -- mary, i actually like deustche telecom. i like it more than any other company over there. i think dt is right. i would be a buyer. yes, mary, you were speaking to cramer. i'm sending you a mesening in a bottle from latin america. give me something that will sting. buy andina. let me put this stuff in my eyes. it's like visine.

coming up, how can you tell if one bad apple is spoiling the whole sector? cramer picks apart the accounting stocks to give you the ones that could be ripe to buy. plus, lightning strikes. cramer goes electric taking all your calls.

accounting irregularities always equal sell for the stock that has them. that system goes all the way back to the first gospel according to yours truly, jim cramer's real money.

accounting irregularities equal sell. but in tonight's "sell block" we have a case of guilt by association or even mistaken identity. one company's ruinous accounting problems have brought down two of its competitors. it's almost as if coke reported it had awful accounting issues and then everybody sold pepsi. well, general mills had accounting problems and people sold kellogg. i mean, that's pretty stupid. if that happened, you'd have a great chance to buy pepsi or kellogg. whenever the market sells first and asks questions later, terrific opportunities. the loser that started this farce, huron consulting group, which among other consulting services also does forensic accounting. last friday, it announced that it would restate the last three years of financial results, withdraw its 2009 earnings

guidance, lower its outlook for 2009 revenue because of an inquiry about how it kept certain payments to employees in four acquisitions off its income statement by classifying them as something they weren't. as a result, huron's stock has justly imploded. it is down 67% from its close friday at $44 to $14 now. you know what, this may be titanic-like, the tip of the iceberg. the sec initinated a new inquiry into the company. accounting issues in general is a great reason to sell a stock, but accounting chicanery at an accounting firm? we haven't seen anything that ridiculous since the accountants there were associated with the gentleman at enron and they cooked the books to serve man. it's a cookbook. never let it be said that i am anything but a statesman and an ambassador of good will, kind of in the model of the dalai lama. the entire firm got taken down. the fact that huron was started

in may 2002 by a dozen partners from arthur anderson who fled the firm after it got indicted is probably just an awful coincidence, but that is the kind of guilt by association i don't -- i have something in my eye kae-- that i understand. department of irony. it turns out that huron is a bunch of dexters. the company is damaged, maybe never -- i don't know. i don't know how they repair this thing. because consulting is a people business, the company risks losing its best consultants and clients because of its tarnished reputation. this is not like a heavy equipment manufacturer like cat. that has products. huron makes its money providing financial and legal consulting services. often helping its clients avoid making the very mistakes that it got itself into. who wants to go to a consulting firm with credibility issues? who wants to work for one? i don't know if huron can ever recover. so if you happen to own it,

don't wait for the stock to come back. just sell the darn thing because you're sitting on a ticking time bomb. what doesn't make sense to me is that a couple of related companies in the sector, namely fti consulting, fcn for your home gamers, and duff and phelps, duf, gamers, which recently announced excellent quarters seem to have been dragged down or held back along with huron for no good reason. 54 bucks friday, 45 bucks today. 16% plunge. mostly because of someone else's accounting problems. it should have skyrocketed higher after huron's accounting issues came to light. guilt my association has no place in investing. we'll break the map out. these stocks are not lakes erie and lake ontario to lake huron. they're lake superior.

they're like superior. all right. i have no audience. i do amuse my -- one of the 52 people in my head was laughing furiously. frankly, both stocks should have gone up, not down. or nowhere given that huron is almost certain to shed some clients, sending more business their way. these guys are in a great position to take shares. instead, it is like they donned cement galoshes and jumped into lake huron. can anyone tell me where the phrase cement galoshes is from? "star trek." both fcn and duf said they'd confirm that they accounted for the costs that huron kept off its income statement. they don't deserve to be slammed. i think fcn is the better buying opportunity. their stock has taken a real bruising and its business tends to do betts at thst at this poi

cycle. but duff works, too. fcn which helps businesses deal with bankruptcy, restructuring, credit issues, m and a, interim management, reputation management, strategic communications, reported a dynamite quarter on tuesday and raised full-year guidance. the company sees big opportunities in the hundreds of small auto suppliers that stand to be affected by larger bankruptcies as well as an opportunity from increased regulation. something you know is coming given the proclivity of the administration and, yes, indeed, the pelosi dictatorship. congress. on the conference call, management told investors that while it's positioned to do well in good and bad economic times, it does especially well in transitional times. how about duff, duf? duff is a leading provider of investment banking services. it reported a great quarter. on the conference call,

management wasn't subtle about the opportunities created by huron's tarnished reputation saying, and i quote, don't like to talk about what's happening in any one particular company, but what i will say is that we're very aggressive about pursuing recruiting opportunities out there. we see some great opportunities. and i think most important, our platform is uviewed to be an attractive and stable platform and the word is generally getting out about that. clearly, duff should have taken off. it's done nothing. this is not the fictional duff beer company. and we aren't in mo's tavern. this is duff and phelps. the bottom line, don't throw out the baby with the bath water. huron's problems are huron's problems. they don't hurt fti consulting or duff and phelps. they're superior. but huron's accounting issues hurt their stocks. i'm telling you i think that fcn

and duf are buys. these stocks are broken, not broken companies like huron. i think they deserve to be bought. i say you buy, not sell the superior players. mike in tennessee, mike. >> caller: jim, what's up? >> not much there, mike. how about you, volunteer? >> caller: not too much there, man. i'm in west memphis, arkansas, though. >> holy cow, man. i didn't even know about that. >> caller: i want to give a big shout out boo-yah to you from the west memphis fire department and mike's outdoors and more. >> you guys do a great job. you do a fabulous job. i hope you get a parade in town. >> caller: jim, i've got a question. what's going on with aig? oh, man. look here. i'm a first-time guy in the market back in march. i got in, bought me a little aig stock when everybody was kicking them around for taking bad investments. i hung on to them for a little while. the stocks split july 1st. made some pretty decent money off of it.

and now with the new ceo and the new chairman and the stock on a rise, the guys at the fire department say all i ever do is watch jim and the weather channel. you know, jim's got my back. jim makes me money. tell me, what do i need to do? do i need to buy me more aig stocks? >> first of all, thank you for that support. and al roker support, too. i have to tell you, i think that aig -- i think that aig is problematic. the stock is up on a very big short squeeze. they were betting against it. i got to tell you, i think the the guys that firehouse should wait until this cools down. 74% of this company is owned by the u.s. government. i think even though the new ceo took over, i don't think this stock is going to end up being worth anything. don't chase, my friend. don't chase. hello to the guys at the fire department. you do a terrific job. i am telling people don't throw out the baby with the bath

water. do not substitute huron for superior, duff and phelps. i'll see you at mo's tavern. stay with cramer. coming up, jim goes fast and furious as he faces a non-stop barrage of calls, giving stock after stock their final verdict on the "lightning round."

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it is time. it is time for the "lightning round." that's rapid fire calls.

just to be clear, i do not know the callers or their stock questions. my staff prepares graphics on the fly. when you hear this sound, yep, and then the "lightning round" is over. are you ready? it is time for the "lightning round" on cramer's "mad money." allen in california. >> caller: what's up, cramer? i want to give you a boo-yah. >> let me give you a san diego dad's boo-yah. >> caller: all right. well, i want your expert advice on chesapeake energy, ticker symbol chk. >> chesapeake energy. that's -- everybody is crazy about natural gas. again, he's going to do well. every time i say something good about aubrey, i get hate mail. but you know what? he's going to make you money and

i love it. i love linn energy. north carolina, sandra. >> caller: hey, boo-yah. >> boo-yah, carolina. >> caller: my husband and i love your show. >> thank you. tell him thank you, too. >> caller: you've gabeen talkin about the tsunami. we've been following star networks, but the ceo is pulling money out. should we still buy? >> he sold some stock. you know, i've got to tell you, this is just a dynamite story. people sell for a million reasons. it could be anything. i think what matters is the fundamentals are fabulous. the stock has just come in a little. i think you grab it. it's down a quick five off of 27 basis. that's terrific. it lives. robert in california. robert. >> caller: a bull market boo-yah

from sunny san diego, jim. >> i'm liking that kind of boo-yah. san diego padre fan. >> caller: all right. thanks for the education. love your sense of humor. the stock is huntington bank, hban. >> hban rocks. i know my critics are saying that key is better. but hban is dynamite. i want to continue to buy hban. i really like huntington bank. how about jim in my home state of pennsylvania. jim? >> caller: big jim, how are you doing? >> not bad there, how about you, chief? >> caller: pretty good. this is big jim from pennsylvania. >> from where? >> caller: brumall, pennsylvania. >> delaware county? >> caller: you got it. oh, man, you are great there, partner. what's up? >> caller: alcoa. >> i've got to tell you, i saw somebody raise numbers. alcoa is up on a spike. you know, i'm becoming a believer. if we get that auto build-up to 11 million. i can't believe i just pressed the bull button for alcoa. wow.

i'm going to have to pay for that one. how about greg in wisconsin? greg. >> caller: greg, big badger boo-yah to you. >> i love the badgers. hey, groundhogs. >> caller: i'm sorry? >> what have you got? >> caller: etp, energy transfer partners. i bought some this spring on your recommendation at about 24. went up to 47. it's at about 43 right now. just wondering if i should -- >> greg, i'm torn because bulls make money, bears make money. i love that juicy 8% yield. i think energy transfer partners is terrific. in other words, i want you to hold on. the people in wisconsin, once again, they've got horse sense. they should stick with ept. and you should stick with cramer! the "lightning round" is sponsored by td a

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natural gas, back. stocks are no longer silent but deadly investments. they're now explosive plays -- >> that was easy. >> -- that are soaring higher and hire. a and oil is still holding in there. even though today was pretty blah. now, for a great play on oil and natural gas with a monster dividend, you know i have favored linn energy, line for all of you home gamer. this is the stock that i speak most about this, that's most been bought. i feel good about that. the last time i talked about the stock was back on may 20th. it's now up 28%. big run. and now that linn reported its second quarter today, i want to know if this is still the one to own. i've always liked linn because it's an energy trust. one of the stocks that's

almost -- that distributes almost all of its profits back to the shareholders in the form of a juicy dividend or distribution. the point is, it's a money machine. but unlike many other energy mlps which pump out oil and gas from maturing fields until they run out and expire, linn does a ton of exploration, which allows it to boost production. and that, along with its willingness to hedge, makes linn's dividend a lot less vulnerable to the changing energy prices. right now, linn's distribution works out to be $2.52 annually. that's right. 11.7% yield. how about quarter? production came in at the high end of linn's guidance. came in above the guidance at 143 million, which covers the dividend 1.21 times over, better than the 1.11 times management had expected. this is important because it means their pay-outs are safer than expected. because linn hedges its

production, it's been getting and should continue to get much higher prices for its oil and natural gas than what you see quoted every day. for the quarter, linn's realized price for its hedged natural gas was $8.94. $8.94 per thousand cubic feet. much higher than the $2.88 it got for its unhedged gas. it got $113 per barrel for its hedged oil versus 53 for its unhedged oil. the company rebalances hedging, raising prices for 2010 and 2011, ensuring solid dividends. their production is 100% ledged for 2009, 2010 and 2011, meaning it's locked in at really high prices. 102 a barrel for oil, 99 a barrel in 2010. natural gas, here's the hedging there. $8.32 for 2009. 2010, $8.66. 2011, $9.25. that limits its upside if prices spike. although it would have to be a

huge spike for natural gas to top these prices. it also means you can count on the dividend not getting trashed. today linn announced two acquisitions in the permian basin. made up of 86% oil. properties are already producing 1,350 barrels a day. the reserves have a life of 24 years. this is just the kind of behavior that makes me like linn energy. i like the model. i love the dividends. but the stock is having a huge run. so we've got to be a little coshish, do a little more homework, which is why i am thrilled to have michael linn on the show again. mr. linn, welcome back to "mad money." >> hi, jim. a great big boo-yah from houston, texas. >> you bet. let me give you a money boo-yah, which is what you've done for our viewers. thank you. >> thank you. >> this is the question i get over and over again. i've got to put it to you right at the beginning. you will retire ceo soon. my viewers are worried that the

inspiration of the company is going into retirement. what do we say to that? >> what happens at the end of the year, jim, yes, i do retire as ceo but i become the executi executive chairman. my concentration will be on strategic direction of the company continuing looking at hedge portfolios, acquisitions, what we want to do in terms of exploration as well as continue our involvement in community outreach and be a spokesman for the natural gas industry. >> let's talk about the latter. you have these brilliant hedges, what happens when you come say 2012. do you think by that time we will have a president who recognizes natural gas is a gift and instead of electric batteries a big problem to repsych efficiently they ever work instead of trying to do cash for clunkers we have cars that cut 50% of emissions and argentina has 7 million on the road, do you think we can ever have that in the white house? >> i would hope we would have

that earlier than the election cycle in 2012, jim. we are working very hard to educate the administration as well as the house and senate through the american natural gas and alliance made of 27 companies represents 40% offer the natural gas produced in the u.s. in our opinion we hedged strongly through 2011 because we believe the term will happen in at least 2011 and 12 winter. oil will recover even a little faster than that because it's a world market, a world economy versus a north american market. >> one of the things we recommend recommended, at one point or another, recommended a bunch of energy trust, most are pretty static. talk about the acquisition you made and while you're still in the hunt and not just living off the reserves. >> when we repositioned our company in terms of raising a bond deal in may and stock deal in may, it gave us lickety of $500 million to go out and make acquisition. the permean basin acquisition is

a venture into a mature area with long life reserves and indrill potentials that will give us more exposure to oil than natural gas. we believe at this point in time the oil exposure or oil returns are higher than natural gas returns. we are all on the hunt and continue i continuing now to still be on the hunt and anticipate doing many acquisitions hopefully in the next few years. >> what do i tell people who say, look, jim it's great, i got dividend 2009 and 2010 and 2011. i want to own this for my ira and come 2012, i'm fearful. what do i say to those people. >> as we all know the oil and gas industry is very cyclical and prices will increase in terms of oil and natural gas hopefully before 2012. when that occurs we will put new hedges on in 2013 taking advantage of callers as well as

put to allow some to have the upside. >> why do you think there were so few oil and gas men and women who did what you did, when those prices were so high, you were out there selling the futures and most people felt we were going to go 15, 16, 17? >> we try to do a secure long term disciplined approach. so when we saw the market move, we take advantage of that market to lock in our returns for our unit holders. we have had 14 kconsecutive quarters of distribution since we went public. the total investor return is over 50% since ipo. >> incredible. we have to go. will you still be able to come on after your quarter next time or should we have your new ceo on? wh what's your plan. >> my new ceo says he likes me on crime eamer, so i will be ba

your show. >> thank you. chairman of ceo energy, line. terrific. >> he came on when i challenged him to say is the dividend safe? a lot of great people in this country a lot of great business people out there to make you money. forget about the guys in the paper charltons for every one we have ten michael linns, awful hard to fine. line, it's for you. back after the break.

help your country, help your pocketbook, buy citigroup. i'm jim cramer, there's always a bull market somewhere. buy citigroup and i'll see you tomorrow. >> tomorrow's job loss, only 125,000? profits will soar in the new profits will soar in the new bull market. what about cash for clunkers in the senate? is a dollar broken?n' work it pa. yeah to help with everyday bills like gas, the mortgage... ...and groceries. it's like insurance for daily living. so...what's it called? uhhhhh aflaaac!!!! oh yeah! that's it! aflac. we've got you under our wing. a-a-a-aflaaac!

tonight on the "kudlow report," tomorrow's unemployment job loss could be only 150,000, according to our special guest. the consensus is over 350,000. if joe is right, stocks will soar. and profits behind the big bull market. cash for clunkers still hasn't passed the senate. i'm still for it. it will create jobs and lift consumer spirits. folks, is the dollar really broken? look what's making the rounds on the internet. fasten your seatbelts, everybody. "the kudlow report" begins right now. good evening, everyone. i'm larry kudlow. welcome back to "the kudlow report" where we believe free market capitalism is the best

path to prosperity. this morning, melissa frances and i interviewed abbey joseph cone who has a stellar record for stock market calls on the way up and the way down. i was humbled she echoed my call of last week, this is a new bull market, heralding the onset of a new economic recovery. take a listen. >> we do think that the new bull market has begun. it may prove that it began in march of this year. clearly, many people were looking for better signs on the economy and we're now getting the them. >> i then asked her about the outlook for profits which is crucial for the new bull market call. please take a listen to this. >> are companies now mean and lean enough with all the business cost cutting to give us a lot more torque in profits and would that really blast the stock market higher? >> larry, you're right on target re