Kudlow 101 Replay - The U.S. is a Winner

Last week on Kudlow & Company, we spent some time discussing news that some big state pension funds (Texas, California, and New York) are moving out of U.S. stocks and into foreign equities. In some cases, they're dropping their U.S. exposure to as low as 25 percent.

I'm not sure that's such a good idea, when viewed in light of the long-term success of the U.S. stock market. In fact, since the early 1980s the Dow’s up roughly 1200 percent, including dividends. That’s a 14 percent annual rate of return.

Here's the clip: