was calling for major correction. >> today despite the losses we saw in stocks, cnbc contributor ron insana's now no longer short the market. ron, how are you feeling today? >> i feel wonderful. thanks for asking. listen, i just think that, you know, having reviewed what happened and having the index shorts that i had on against the portfolio of long stocks over the last week and a half, the shorts were hurting me more on up days than they were helping me on down days. so that market was starting to they will me something, that it wanted to go up. today is mostly russia so i'm not going to back away -- >> welcome to the life of the short seller. story for years. >> and this was a short-term column. people are confusing this with a secular call. i am a secular bull. i think this goes on for years to come. >> you've been saying that. >> so we had a 10% correction in the nasdaq, a 30% correction in momentum stocks. to a certain extent that satisfies some of the criteria but not all. >> your short was a hedge. right? >> as i explained that to you on air several weeks ago, of course it was a hed

joining me now cnbc contributor ron insana. let's start to a new study.why there are more products made in the u.s.a. and why are more products made in the u.s. >> for the last 18 months i've been giving a speech around america called fortress america. low energy costs in the united states, more competitive wages, better quality products is bringing manufacturing back to the united states. there's a term for it called reshoring. after years of outsourcing or off shoring we are now seeing manufacturers, whether they're domestic manufacturers bringing jobs back or over seas companies taking advantage of a much, much lower energy cost german petrochemical companies, auto companies coming to the u.s. because a lot of these other companies china and much of our region have lost their competitive advantage with respect to wages, currency devaluations and the cost of energy is so considerably higher overseas. >> your summarization is that the u.s. is going to become the only u.s. economic super power? >> if you look at the energy revolution it gives us a competi