takeaways -- froth and rotation. that's what you need to know. right here on "mad money," i'm jim cramer, i will see you monday! a wild week comes to an end for the markets. investors rocked all five days by vladimir putin and janet yellen. all of it is still far from settled but the market went up anyway. it was also a wild and rough week for obamacare and today we learn more big bailouts for insurance companies are coming. big new costs for doctors and a big new glitch in the obamacare website. our experts are going to be live onset. and will oil and gas plumes split the democratic party? the energy they provide is just too good to resist but they are threatening a backlash.

what sells new? all of those stories and much more coming up on "the kudlow report" beginning right now. good evening, everyone. i'm larry kudlow. we're live here at 7:00 p.m. eastern and 4:00 p.m. pacific. we're going from ukraine to yellen and an action-packed week. seema mody is joining me. good evening. >> good evening. today the s & p 500 hit a record high earlier this morning but gains soon evaporated as money was taken off the table. dow jones industrial off 28 points. the s & p 500 and dow were able to eek out a gain for the week. gold losing ground. financials one of the best

performing sectors this week. the latest bank stress tests were seen as encouraging while health care stocks underperformed. particularly those biotech names all down today. traders say this could be the start of a larger sellout after what was a monstrous run for the biotech index now, tiffany reporting sales that came in below estimates and nike topped earnings estimates. larry, that's why the stock ended down on the day. back to you. >> seema, i think it was henry waxman challenging saying your pills cost too much and everybody sold off biotech. but mr. waxman that has been on that panel is retiring. he'll be gone soon. >> there you go. >> i think the stocks should discount the elimination and

determination and the extinction of congressman henry waxman. not personal. just policy. >> it definitely was one of the catalysts that resulted in selling off today. >> seema mody, thanks very much. director at tjm services and jeff killburg and o'neil securities. i do not want to talk about henry waxman. that is just too boring. what i want to know about is how good it is that janet yellen -- this might have been a freudian slip or whatever but i'm going to argue it's healthy for the economy. >> and i'm going to be right there with you. i thought she did an excellent job. i was actually offended the next day when some people called her

saying it was a rookie mistake. she never should have said it. i'm thinking, what are you talking about? everything is on the table and people need to understand that. on wednesday when the news came out, it was sold off. there was no volume. it was this light volume but it was a selloff. the asset managers were there waiting to say, come to daddy. meanwhi meanwhile, it bounces off of 1840. investors realize it's a good thing. >> here, i'm in it. again, it was dougy cass who sent the e-mail out. if you don't know and realize that interest rates are going up, then you shouldn't be in the markets, now, jeff killburg, you must know interest rates are going up because you are a great market professional. i'm going to argue that will not stop the bull cycle. your thought?

>> i think temporarily it has a chance, larry, because we've talked about interest rates going high for quite some time. if we see the equities pull back, you'll see folks go into the treasuries. janet yellen gave the clear, granule view. >> okay. it's like taking the training wheels off a bike. we argued about this for years. you agreed finally that at least some of it is because of hot money. the stock market has to make this decision whether or not it can do it without the training wheels. so to think that there is going to be a three or four-week adjustment period, yes, rates are going higher because things are better. i believe that. everybody should know that rates are going up. when i hear that rhetoric, i get a little scared. >> it's been five years. it's been five years. >> cooperman is right and, wait a second -- >> i think he's right, too. >> janet yellen got most of the

stories wrong. >> she's just as confused as anyone. >> she is. she said one good thing. we're going to raise rates sooner, at six months. that's good. whether she stumbled into it or not, i'm glad it's in her head. but, but, but, it's not going to be about janet yellen. it's going to be about profits. it's been such a lousy economy and a lousy recovery, it's going to go on for several more years and profit costs, particularly wages, are lower than prices. that's bullish. i don't care what anybody says, that market is bullish. >> i agree with you. we keep having this conversation. i wonder, how are they going to continue to grow profits if they are not growing the top-line revenue? >> because costs are lower than prices. >> are they going to keep going lower or are they as low as they are going to get.

>> that's an interesting point. wages have been very low. there's tiny signs that they are going up. that will end it. that will end it. >> i agree with you. but it's not going to be janet yellen or henry waxman. >> financial engineering, the buybacks, all of that, it feels right now, the momentum, it feels a little exhausting. >> it may be exhausted. i don't know anything about the short run. literally nothing. all i know is the buyback story doesn't hold up. it's profits and interest rates. it's go and again jason's little piece. he's a buddy of mine. he shows you that the buybacks are only about 7 or 8% of the market rally. something like 70% of it was profits and the other part was interest rates. that's where i'll concede to the fed. >> 11% if i do the math right

there. i think it's more than that. when off ten-year consistently under 2%, you just keep edging people further and further and we did this for five or six years. i think we're just finding market positions and corrections happen when all of those things you guys talked about are perfectly aligned and i'm not even saying that. >> i'm okay with that. have the correction. but look, i'm so excited. a 4, 4.5% ten-year government is coming. short-term rates, they are going to get to 2% faster than people think and that's good. right now, right now the fed funds rate, according to john taylor and his rule, should be 1.5% and taylor's got that right for 20 years and when the fed started ignoring him, that's when they got into trouble. the '80s and '90s were

unbelievable stock market periods. why can't that go on? we're going to have a change in the senate and the white house. all of that is great. >> in fact, i think the conversation that people are getting nervous saying the market has got to back off, we've been talking about rates going higher now for how long? >> forever. >> if anybody says i didn't know they were going higher, i'm not prepared -- >> wait. there's two different stories being told. look at all-time high, why is the vix not a 10 or 11. >> you're going to compare all of the times that we talked about rates going up and say that this is the same time as when the fed chair came out and gave us a six-month window but that is different than what we've seen. >> by the way, it could be four months. >> i hope so. >> if you look at this whole fed story, i agree, interest rates, profits are more important than interest rates. sell, hold, own the dollar. i'm kind of neutral on commodities. all i'm saying is, we're going

through a multi-year cycle of federal reserve snugging and then tightening. and when they tighten, tighten, you're going to get out of stocks and it's going to be time. but they are not going to tighten. they are going to snuggle and i think that's over due. >> right. what about inflation, though? >> i don't see it. where is it? i've heard about it for five years. the entire republican party ran against ben bernanke on noninflation existence. i just love that. we just had a cpi print. 1.1%. >> wait a minute. you've got to be careful with that because things that people need every day, food, has anyone food shopped lately? it's gone through the roof. >> food commodities has gone through the roof. >> see what you're paying for beef and chicken. >> other stuff goes down. other stuff goes down and if your steak is too expensive, you buy chicken. you don't need vegetables for a

while. i hope they go through the roof because i can't stand it. >> i love brussel sprouts. >> you know that pendulum can swing too far. >> i've got to get out of here. everybody stick around. brussel sprouts, all that stuff. look, i want to get your take on how to make the economic sanctions work against russia. there's something that is important. we should use financial weapons but, you know what, russia not going to be so easy to crack. i posted a column about that on cnbc.com. and later on, the obamacare website is fixed, says the white house. you believe it? a leading u.s. newspaper has uncovered another serious glitch. you haven't heard about it. we will tell you. and as always, don't forget, free market capital licism, thet path to prosperity. i have friends of this show who know all about free market

capitalism. i'm kudlow and delighted to be with you. we'll be right back, folks. rig. announcer: where can an investor be a name and not a number? scottrade. ron: i'm never alone with scottrade. i can always call or stop by my local office. they're nearby and ready to help. so when i have questions, i can talk to someone who knows exactly how i trade. because i don't trade like everybody. i trade like me. that's why i'm with scottrade. announcer: ranked highest in investor satisfaction with self-directed services by j.d. power and associates. so our business can be on at&t's network for $175 a month? yup. all 5 of you for $175. our clients need a lot of attention. there's unlimited talk and text. we're working deals all day. you get 10 gigabytes of data to share.

what about expansion potential? add a line, anytime, for $15 a month. low dues, great terms. let's close! new at&t mobile share value plans our best value plans ever for business.

another big story that

investors are watching is russia. vladimir putin officially signed the annexation into russia today. question, could tougher u.s. sanctions have stopped putin? let's welcome john herbs and our panel, jim, jeff killburg and kent. ambassador, may i ask you this. a report coming out of washington that military intervention by russia into east ukraine looks more and more probable. they are asking the white house about this and there's a lot of press buzz that putin's not done yet. your thoughts, sir in. >> well, certainly we cannot rule this out. he has set in motion the rationale and the means to carry out further aggression in eastern ukraine. even his speech, he spoke about

new russia in northeast of ukraine, southwest towards odessa. and of course he continues to complain and russian media complain about alleged disorder in eastern ukraine, disorder that russian special agents are stirring up. >> today's march 21st. we had to check this out. i had march 21st in my head. and you know what, russia and ukraine had a military truce but that expires today, march 21st. and when we got that information back, because i have short-term memory loss and now i'm hearing these reports out of washington that they may invade ukraine, i was just thinking, maybe it's going to happen. maybe it's going to happen tonight, maybe it's going to happen tomorrow if the formal truce is over. >> i don't think it's a concept that is very important because mr. putin has already showed his willingness to throw away

russia's obligations. what he's calculating is not just whether or not he could do with or without blood shed because that would be very bad for him. he's calculating what is the impact on the west. the sanctions that he's received are more serious than he expected. the fact that we sanctioned mr. shenko, the bank of garcia, these have raised eyebrows in moscow. the european union described that there would be more sanctions. >> i completely agree with you that the second round of sanctions. that's very interesting and i give the president credit for that. but here's the deal. russia is sitting on $135 billion. dollars of foreign exchange

reserves. and overall russia has a position of 400 billion of total foreign exchange reserves. now, that's a pretty good kitty if they come into an emergency and i guess, sir, my point is, we can't win this battle, we the united states, we free people everywhere. we can't win this battle unless europe goes along with the tough banking restrictions that i believe will be unveiled. the sanctions ultimately won't work. >> i think you are largely but not entirely right. with europe it becomes much easier and more effective and quicker. in effectiveness. but it's also true that if we were to decide to target the financial sector in russia, the energy sector in russia and went after the russian financial sector with the efficiency and

thoroughness with which we went after the iranian sector, that would have a serious impact on the economy. >> it took several years for us to do that. >> that's right. >> my other point is, just looking at some of the numbers, i think people are not bogged down with some of these numbers. russia raised roughly $400 billion worth in the london stock market. in the london stock exchange. most of it was equity and some of it was debt. ipos galore. i believe there is something like 70 russian depository receipts that are trading on the london stock exchange. now, if we could block that, if we could close that down to russia, that will hurt them very badly because they will have no inflows. the question is, will the brits go along with it? i have not heard prime minister cameron say anything, one way or another. >> well, what we have seen over the past couple of weeks, first the sanctions on ukraine and now european sanctions on russia, is

that they were reluctant to do this because their business relationships are much closer with moscow than ours but ultimately they come along. that's been true of germany, chancellor merkel. i would say i'm relatively optimistic that over time europe will come in the right direction. not as fast. not as far as we'd like to go. but still they will come along enough to seriously cause concern in moscow. >> right. and it sounds like angela merkel wants to kit putin out of the g-8, at least for now. thank you, sir. i'm an optimist, too. and i hope you're right. let me go back to my ace panel. jim, jeff, ken, what do you think? you first, ken. >> it's too calm. but that doesn't mean it couldn't change on a dime, right? and then you'll see what happens. i would like to think that the

whole crimea is over and that is it and he wouldn't want to invade anymore. they are having their elections in may. if there's a pro russian candidate that gets elected, he's essentially taking over anyway. >> jeff killburg, when there was fears of a military invasion, i don't mean the invasion of the crimea, which was a done deal and there's nothing we can do about it, i recon, but when our market was worried about that, we sold off quite a bit. >> we did. you could feel that fear. it's palatable. there is complacency. it's kind of a like a bad slap fight. no one's really concerned about it but right now these things could elevate quickly and that sentiment change could really scare the market. >> well, we cannot talk about what the market thinks. gold was trading very poorly all week. oil bounced a little bit because oil is more directly affected by this conflict and the stock

market stayed relatively buoyant. the only thing to worry about is perhaps the transportation of oil and other than that, there's not much to worry about. >> and russia did sell 160 billion in 2012. if that gets cut off or there's a sanctions, there's a big cut dlsz off in the market. >> i think that's where president obama wants to go. as you listen to the buzz and the gossip, europe has excess inventories of nat gas. it was a relatively mild winter. spring is going to come, it's going to be warmer weather and we can help them and other people can help them with some emergency he cexports. therefore, they can put the ka bash on any russian energy sales which would hurt russia. >> it's probably not unusual for him to say, no, we can do this

alone. but you were absolutely right. it would be a heck of a lot easier. >> i think you're right. you need cameron for london. >> he's got to say that. >> an important banking center. you need it for a dozen reasons. i don't know about the italians and the france but -- >> it's always about the italians. >> i love italian food. ken, jim, jeff, you all come back later in the show. now, a key member of congress is putting a heat on a promising new drug to fight hepatitis c. he wants to know why it costs $1,000 a pill. seema mody has that story and more up next on "kudlow." ♪

[ male announcer ] how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. wiis really what makes iton, slike two deals in one.he $1,000 fuel reward card salesperson #2: actually, getting a great car with 42 highway miles per gallon makes it like two deals in one. salesperson #1: point is there's never been a better time to buy a jetta tdi clean diesel. avo: during the first ever volkswagen tdi clean diesel event get a great deal on a jetta tdi. it gets 42 highway miles per gallon. and get a $1,000 fuel reward card. it's like two deals in one. volkswagen has the most tdi clean diesel models of any brand.

hurry in and get a $1,000 fuel reward card and 0.9% apr for 60 months on tdi models. (music) defiance is in our bones. defiance never grows old. citracal maximum. calcium citrate plus d. highly soluble, easily absorbed. [ girl ] my mom, she makes underwater fans that are powered by the moon. ♪ she can print amazing things, right from her computer. [ whirring ] [ train whistle blows ] she makes trains that are friends with trees. ♪

my mom works at ge. ♪ congressman waxman demands an explanation for why the new hepatitis c drug costs $1,000 per dose. the news pushed down as much as 6% and started a general selloff in the sector. tesla will be protected on direct sales for customers. last week, the commission enacted a rule requiring car makers to sell their vehicles through dealers only. and president obama had yet another meeting with leading tech ceos today to talk about

the nsa surveillance program. that includes facebook founder mark zuckerberg who made news last month when he said he had a heated phone call with the president when he first learned of the program in general. zuckerberg has been quite vocal about his views on surveillance. >> let me just ask you, the one i just don't get is the tesla story. you should be able to buy a tesla on amazon. why are these jersey people doing this? >> yeah. and it's not just tesla. arizona and new jersey are the only places where sales are prohibited. clearly not all states feel the same way. >> and the other one you covered, do we know anything about this zuckerberg nsa meeting with these techie guys? >> in general, the focus was to have an ongoing dialogue around privacy, technology, and surveillance. that was the prime focus of the

meeting. >> and this was before -- the president is going to make some decisions, so this precedes -- >> i think that is the fact. so eric schmidt, among others. >> not bashful people. >> exactly. >> i'd love to be a nye fly on wall. now, folks, we have more bad obamacare news to tell you about. they include a serious financial threat to doctors and more evidence of a possible insurance company bailout. our obamacare experts will join us with all of that, next up on "the kudlow report." ♪ ♪ [ male announcer ] a car that is able to see, to calculate, to think -- and can respond to what it encounters.

♪ even if that means completely stopping itself. it's the stuff of science fiction... minus the fiction. the 2014 e-class. see your authorized dealer for exceptional offers through mercedes-benz financial services.

we still run into problems. that's why liberty mutual insurance offers accident forgiveness if you qualify, and new car replacement, standard with our auto policies.

so call liberty mutual at... today. and if you switch, you could save up to $423. liberty mutual insurance. responsibility. what's your policy? three big bad new problems for obamacare tonight. we're talking big new costs for doctors, that's one. a serious new glitch in the obamacare website, that's two, and more evidence of a politically toxic insurance company bailout. that's the third. here now, old friends of the show, policy experts, dr. scott gottlieb and betsy mccoy, author of the book "beating obamacare." the bailout story, the profit margin story, what's going on

here? >> well, last friday night after the close of business in a sneaky and illegal move, the obama administration changed the rules regarding a bailout that actually was in this law, larry, section 1342. but most politicians didn't know about it until a few weeks ago. but it's a double deception. we'll bail you out at the end of the year. right? it will make the plans look successful. it will make it look like we're providing affordable health care even though we are not. second deception, they said it was revenue neutral meaning it wouldn't cost the taxpayers anything but just a couple of weeks ago, kathleen sebelius said no one had even tried to calculate the cost of this

bailout. >> so scott, the profit margins -- i hate this whole conversation because i hate the government talking about profit margins. but they have been raised and the revenue flow has been raised. you can have 20 to 22% they've raised those caps. that is a form of a bailout. it really is a form of a bailout. >> that's right. they are trying to keep plans from dropping out of this market. it's not going to work because insurers have to make long-term business decisions. they can't make it realtime as the administration makes adjustments. you're going to see premiums go up quite a bit. >> how much? >> some of the reports are as much as 20%. you're going to see increases across the board, i think. >> this is the thing, i think the president has destroyed his own individual mandate but that's a separate segment.

if you say that i'm going to let you renew your canceled plans and i'm going to give you first one year and now three years and now hardship, that costs a lot of money for insurance companies. >> according to the law they are going to have fewer customers for it because some of those would-be customers are allowed to keep their own plan are not covered by any insurance at all. >> right. those tend to be healthier customers. the obamacare cost also go up quite a bit. >> the ama, which also supported obamacare at the very beginning, turns out doctors are going to get -- >> oh, yes. >> people that may not have paid all of their premiums if they paid them at all. the insurance covers the first 30 days and doctors have to cover the next 60 days. do i have that story right? >> yes. >> and what does that mean? >> this is really a big coming problem. we had the mortgage crisis and

now we're going to have the premium default crisis and the reason it's going to be so severe is that many of the people buying this insurance were bamboozled into buying it. you heard the president say, this is the same price as a cell phone contract. i have never seen a cell phone contract with a $5,000 deductible. the first call is paid for. after a month these young people are going to decide, i'd rather by a car, a cell phone. >> you're a doctor? >> yes. >> you practice. >> yes. >> what happens? people come in your office and they are not going to have any insurance? >> the insurance companies have the discretion to pick up the costs. remember also that the co-pays are very high in this scheme and these are low-income beneficiaries. they are not going to be able to pay those co-pays. you're going to see bad debt go

up a lot among providers. >> can i ask just a really dumb question? the doctors' lobbying group, the insurers' lobbying group all supported obamacare. okay? in plain latin, as best i could do, they are all being screwed and it's just the beginning. how could they have been so stupid? >> the ama represents only about 17% of doctors. let's carve them out. but the other groups, they were so intimidated by the hardball chicago pointed elbow politics of rahm emanuel that they just coward. >> i love greed. greed is part of capitalism. but didn't a lot of these groups, typically the insurers,

expect to see 20, 30, 40 million more insured people? >> right. >> but the trouble is, no one is signing up. >> that's right. and they are also seeing their existing customers become worse customers because they are not going to be as good of customers. i think a lot of these decisions get made in washington by the washington groups and a lot of these groups do what they can to increase their stature in washington. sometimes at the expense of their members. >> we're learning now that poverty guidelines in the website are false and it's a weird story. this year you're signing up to pay but you're based on last year's poverty rates. what's -- how -- isn't that kind of dumb? >> larry, if the only problem they have, they would be sailing through this. it's a minor issue. when he says the only problem with obamacare is the website, don't believe it. it's the product. >> but 70,000 some odd people are going to be affected by that.

>> oh, yes. >> a lot of people got subsidies that they probably didn't deserve. that money is going to be clogged back. at least they are going to try to claw that back. >> we got to get out. i need like fast answers. why is it that everything is associated with obamacare has been bad? >> government is not doing a good job. >> scott? >> i think it's too intricating. >> all of these brilliant, ivy league egg heads. >> they brought in the scientists, they brought in the pr people but they forgot to ask the dogs if they liked the new dog food and that is the best i heard. i just love that. >> right. >> scott gottlieb, thank you very much. we have the latest on the continuing search for missing malaysian flight 370. and there's growing evidence that the boom in shale and oil and gas will create a pro energy

stance. that could also spark a civil war inside that party. kim wrote about it today and she is about to join us on "kudlow." please stay with us s ameriprise asked people a simple question: in retirement, will you outlive your money?

uhhh. no, that can't happen. that's the thing, you don't know how long it has to last. everyone has retirement questions. so ameriprise created the exclusive.. confident retirement approach. now you and your ameripise advisor can get the real answers you need. well, knowing gives you confidence. start building your confident retirement today. we are the thinkers. the job jugglers. the up all-nighters. and the ones who turn ideas into action. we've made our passions our life's work. we strive for the moments where we can say, "i did it!" ♪ we are entrepreneurs who started it all... with a signature. legalzoom has helped start over 1 million businesses,

turning dreamers into business owners. and we're here to help start yours. (music) defiance is in our bones. defiance never grows old. citracal maximum. calcium citrate plus d. highly soluble, easily absorbed. so our business can be on at&t's network for $175 a month? yup. all 5 of you for $175. our clients need a lot of attention. there's unlimited talk and text. we're working deals all day. you get 10 gigabytes of data to share. what about expansion potential? add a line, anytime, for $15 a month. low dues, great terms. let's close! new at&t mobile share value plans our best value plans ever for business.

. welcome back to kudlow report. and nbc's own bill neely joins us from australia. >> another day of frustration and there's been a search 1400 miles off the coastline and having seeing no signs of anything unusual, you've got this curious thing of very high-tech planes, satellites, of course, 22,000 miles above the earth and very low-tech men on deck with binoculars but, sadly, all coming up with the same thing, that is nothing, and a little defensive today saying

it's about the most inaccessible place on earth to conduct a search like this and he was also hinting that this area can be where shipping containers can be in the ocean having fallen off ships. so it is a difficult area. it is a difficult search. the search will resume tomorrow but sadly, today, another frustrating day. nothing found. bill neely, nbc news, western, australia. climate bills, massive subsidies and fracking bans, president obama didn't deliver. now they are mad and against democrats and he will. my next guest says the stage is set for a democratic energy civil war. energy civil war. joining me now, greg friend, kim

strassel and columnist. kim, great article today. so let me just get this right. is this the reason that obama never mentions natural gas or exports in the putin fight because he knows he's got to deal with those radical greedy viros? >> that's correct, larry. they have been upping their demands and now they are protesting from last month at cove point in maryland which is going to be the first lng terminal to begin exporting next year. now they are saying, you can't frac. we don't want natural gas. keep those resources in the ground and president obama is very worried that if he crosses them, he will go against the party in this coming election. >> but he has -- i find this all very odd and ironic because in

so many of his speeches, kim, he's taken credit for the oil and gas shale revolution even though he had nothing to do with it and eats trying to stop it on federal lands but takes credit for the private sector fracking. and just the other day, john poedesta who has been hanging out in the white house said natural gas is a clean fuel and fraccing is here to stay. now, was that a signal that the white house is going to turn against them? >> look, he loves this. i mean, we know this both. this is one of the few good news stories of his economy. as you said, there are a lot of members of his party who now see this as a political safe harbor. they are under fire for obamacare. they are under fire for the economy but they can go out and

say, hey, we like drilling and natural gas. it makes them look as if they are in favor of jobs and the economy and growing incomes and makes them look as though they have a stance in the ukrainian crisis. so they are all supporting it as well, too. >> that's the thing. great political points here. democrats are going to -- they are in trouble. everybody knows that. the polls are telling them that vladimir putin is a bad guy. they are all out there and want lng exports. they want to frac more. now, i don't see how they can possibly win this battle this year. it's not even conceivable. >> president obama has simply not said anything on keystone and that's how he's gotten out

of that mess. you can't do that on natural gas. maybe not in terms of the ukraine but they are out there saying we want you to ban fracking. he can't come out and do that. and so then the stage is now set, if he comes out and supports his candidates running on the election, they may turn against him. >> look, fracking has created 1.5 million jobs, a day or a week or whatever lng is creating the same blue collar jobs and the same high salaries and this is to say it's a repeat at fracking except it's more. so how can democrats turn away from a jobs story?

they blew it initially and now they want to get on board the lng story. how can democrats not be for that? that's a big part of the base against this and then you have the unions. and a lot of democrats were promoting it for environmental reasons, too, because the truth is, it's cleaner than coal and cleaner than oil. >> that's a great point. last one. you list three. they all are up for grabs and is this going to be a big issue? is that what you're saying? and are they going to go against

the greenies who originally supported all three of them? >> those three are interesting because when you look at this election, you expect to see mary landrieu from louisiana and mark begich from alaska. they have been much more sort of we like green, all of the above, renewable energy type. to see them rush out and pushing natural gas, it gives you an indication of how big of a political issue this is for democrats. right now, though, it's going to be interesting to watch them. they are trying to play at both sides. they don't necessarily want billionaire tom stire to be running adds against them but they want their voters to think that they are in favor of energy. >> they are going to lose this battle. it was a great column. kim, thanks for coming back on the show. now, folks, our stock market experts are coming back for one more go around as we ask them what to expect for the week ahead, the month ahead, the year ahead, and the decade ahead. please, stay with us. i'm kudlow. we'll be right back.

'll be righ. geico motorcycle. see how much you could save.

female announcer: what will you man:with your new i'm getting a camera!? - i'm getting an espresso maker! - i'm getting a new smart phone! female announcer: during sleep train's big gift event get a $200 best buy gift card with purchase of selected beautyrest, posturepedic or tempur-pedic mattresses. or, get 24-months interest-free financing. - a new tv... - a laptop... - a game console! female announcer: sleep train's big gift event is ending soon. ♪ sleep train ♪ ♪ your ticket to a better night's sleep ♪

all right. let's bring back our experts. jim and jeff killburg and ken. i want to look at the long term. i think most of the viewers of this program, from the mail i get and the tweets, they are not traders in and out.

i want to start with you, kenny. what should they look for and what is your own view in the long run about the american stock market? >> you know, it's very interesting. i'm so much a bull. my long-term view, you've got to be in this game. and i'm looking for the slow and the slow and steady recovery. i think that, like you said, is going to produce really the long-term wealth and generate wealth in the long term and that's what people have to focus on. they've got to eliminate the noise day to day and keep the plan. >> you know, we've had -- look, this is going to be one of the longer bull markets. it's five years already. it's going to be one of the longer ones. professionally, i work through the '80s and owe 09s. i was in government and back on wall street. so, how long can long with?

in other words, jeremy seagull says stocks for the long run but he's talking 200 years. i'm a little shorter than that. if you've gone five years, is there an expiration date? is it fiing commonsense to think we can go two or three or four more years of this market? commonsense? >> i would hate to get you off your train of thought but kenny, jeff, and i have been floor traders our whole life and we look to you as one of our own. we at the cme, cnbc have made -- >> i love it. >> but if we can get you to wear it for the rest of the show -- but suit yourself. >> i have always loved those little jackets. >> everyone is jealous of us and the lig jackets. but i was looking at longer held

time frames and some of those funds that i don't hold are up. we're talking about the time when we had a big event and the stock market was particularly when you get 2.6 or 2.7% of the tenure. do i think there's going to be a correction? yeah. >> i'm very bullish. it's contingent upon the energy policy here in the united states. if we get our politicians straightened out, we have a chance to have all cylinders firing properly. >> and i think pro business entrepreneurship is coming back politically. i think we're going to see the beginning of that this november and you're going to see more of that in 2016. i think that's just my personal opinion. let me just ask you this. we didn't make any money on the

averages basically from the year 2000 up to -- when did we peak? a year ago? when did we move through the 2000 sneak. >> last year. >> so what i'm saying is, you know in american stocks rise and jeremy is right. >> the bull market from 1980 up to 2000 was a tremendous time in this country. >> and it was catch-up for about a dozen bad years. >> absolutely. absolutely. are. >> my father never lost the money from the great depression and we've got something similar to that. and it's going to be a slow and steady climb and there's going to be hurdles. >> no doubt about it. >> there's hurdles all the time. >> that doesn't mean you put 100% into equities. it's got to be balanced.

>> i still owe my index funds, i'm telling you. jim, jeff, kenny. you guys are great. be sure and tune in next week. there's a huge week in store. some of the highlights. monday, eric cantor. tuesday, we'll be visited by texas governor rick perry. it's wisconsin governor scott walker on thursday and i'm going head-to head with david axelrod on friday. steve forbes will also visit us. impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing.

with investment information, risks, fees and expenses gundyes!n group is a go. not just a start up. an upstart. gotta get going. gotta be good. good? good. growth is the goal. how do we do that? i talked to ups. they'll help us out. new technology. smart advice. we focus on the business and they take care of the logistics. ups? good going. we get good. that's great. great. great. great. great. great. great. great. great. (all) great! i love logistics.

( music ) steve: las vegas, it's sin city. it's the city of lights. it's the city of entertainment. and it's a place that you can make people a lot of money. what i am, is i'm a sports advisor. i sell information. i'm no different then a stockbroker. i'm the one that tells you who to bet on. ul lafayette absolute blow out win. i'm not the bookie. i'm a bookie killer. ( music ) anybody out there that says that they have bigger players than me, they're lying. -twenty two thousand. -eleven thousand. i got guys that bet $100,000. ( screaming ) i got a billionaire who comes to town.