jim lacamp, john straszheim. >>> a reign of the super rich coming to an end.hat does it mean for the economy? don't we need the rich? a debate right after the break. but first, let's check in with sco scott. >>> stocks at the best level of the year, so does the rally continue when you wake up on monday morning? and how did your stocks do today? all that and much more when we see you at the top of the hour on cnbc reports. >>> and stay with "the kudlow reports." we've got the great debate about the super rich after this. hi, may i help you? we're shopping for car insurance, and our friends said we should start here. good friends -- we compare our progressive direct rates, apples to apples, against other top companies, to help you get the best price. how do you do that? with a touch of this button. can i try that? [ chuckles ] wow! good luck getting your remote back. it's all right -- i love this channel. shopping less and saving more. now, that's progressive. call or click today. but i've still got room for the internet. with my new netbook from at&t. with its

jim lacamp, who hoisted me on my own petard. senior vice president and portfolio manager at macroportfolio advisors and back gage, associate editor at "forbes" magazine. wendell, let's move on from the clunkers. you're really a super bull right now. let me ask you, i'm with you up to a point. can the s&p 500 get to 1100 or maybe 1200? can the dow, which crossed 9300 today get to 10,000, 10,5, 11,000? how bullish are you in this rall rally? >> making those kinds of predictions is nearly impossible. it can see the s&p certainly getting to 1100 by the end of the year. we will see starts and stops. this market will remain volatile. i think the perspective is that the economy has turned the corner, we are seeing across the board better economic news. i think that will continue, will keep people in stocks there. is still tons of money that has missed this huge rally that will continue to work into this market and the earnings will begin to show real good year-to-year -- >> 400 s&p, 500 companies reporting, 75% beat expectation, that i

jim lacamp, besides a stock market friendly fed, the fact that businesses all large medium, small businesses is a positive. again, i do think this market has one more leg up. we're looking for 10,500, 11,000. i'm not outrageously bearish from where we are right now think this is a bear market rally. >> we're out of time. >> you can't -- you can't cut costs forever, you have to have revenues. >> coming up, much more on "the kudlow report." catch me on the call at 11:00 with melissa and trish. oh, hi! welcome to progressive.com. are you all right? a ferocious white whale wrecked my boat. well, i'm sure we can help you, captain... ahab. well, it looks like you haven't had a claim in over four years, so you don't have to pay a deductible. that means you saved $500! $500? i could get an electronic fish-finder. that's the spirit. saving you money on boat insurance. now that's progressive. call or click today.