Jim Melcher
Jim Melcher
cheap foreign move prices raised retailers upset
PPI has been rising, but retailers and manufacturers haven't raised prices yet, because there is too much cheap foreign competition. If you see CPI move up, that could upset stocks.
flows march money moving slower time
However, we're moving into a slower time for money flows in March and April.
basis foreigners interest maybe money moving quick quite rates talking
If you get foreigners moving money out of U.S. Treasuries in a quick way, then you are talking about interest rates moving up quite a bit, maybe 150 basis points.
component energy focus gm inflation major oil prices
I think it's a combination of the oil prices and GM today. There's been a heightened focus on inflation recently, and energy prices are a major component in inflation.
case excuse money
There's a lot of money out there and a willingness to take any excuse to put it to work, in this case the Fed.
balance drift likely market point short
I think the market is at a balance point here and that we are likely to drift over the short run.
gone great hit normal rise today worst
The worst hit sectors today are the ones that have gone up the most. They've had a great rise and so it's normal to see this kind of pullback.
distorting higher move odds prices tends week
I think odds are we'll move higher in the week ahead. There's a lot of liquidity, it's what's buoying the markets, it's what's distorting the market, and it tends to move prices up.
road rocky work
It's going to be a rocky road going forward. You're going to have to work for your money.
financial full helping market outcome sustain
The market is optimistic, and that's helping to sustain it right now. But we don't really know the full financial outcome of these two hurricanes, and we may not for a while. That uncertainty is weighing on sentiment.
keeps pumping
It just keeps pumping out the earnings, an excellently managed company,
bear cheap easily economic poor rally stock strong
This rally could easily be a strong rally in a bear market. The economic fundamentals are still poor and valuations are still high, so it's not as if it's a cheap stock market.
buying consumer economic investor mild question
We've got deteriorating economic fundamentals still. We're probably in a mild recession, but the question is will the consumer keep buying and will the investor keep buying stocks.
edge marginal positive small street view wall
What we have is a very small marginal edge of a positive view on this. Wall Street is cynical.