Meredith Whitney was on CNBC’s Closing Bell today.

Jeff Cox at CNBC.com spotlights one area where she’s wildly bullish:

“I am wildly bullish on the U.S. in particular markets…I think the U.S. market looks terrific (though) as a collective the U.S. market is not going to grow all together,” she said during a “Closing Bell” interview. 

“There’s opportunity from Texas all the way up to North Dakota, and you can play every industry on that basis,” she added. “It’s the agriculture-commodity belt — also the Right to Work states. That’s where businesses are moving because it’s easier to operate and create jobs. So you see a massive demographic shift to those areas.”

Some other points she made:

• Europe is stil in a lot of trouble. And beyond Spain, you have to watch France.
• The panic in Europe will keep US rates low, and that makes the Fed’s job easier since rates will stay low.
• On Citi, there are no big risks out there any more.
• She’s ‘absolutely’ still worried about state finances. In fact there’s more evidence supporting the thesis that the states are in trouble.
• California is still the weakest state. New Jersey and Illinois are the next worst.
• Some great financials she likes: American Express and JPMorgan (which is really trip).

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