Kudlow's Money Politic$: Big Losses in the Gulf

Lawrence Kudlow has a blog. He's "Lawrence Kudlow is a former Reagan economic advisor, a syndicated columnist, and the host of CNBC’s Kudlow & Company."

Here's what he's got to say about the selloff:

The chief catalyst contributing to the seismic corrections was the growing concern that share prices had gotten way ahead of themselves following a three-year bull run. The failure of the Dubai ports deal certainly did not help investor psychology either. And, perhaps, there has been some discounting going on due to the possibility of lower energy prices in the future.

Nice charts, too.