Jim Melcher
Jim Melcher
since stock unusual week
This is probably the most unusual week we've had in the stock market, at least since 1929.
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,
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.
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.
companies earnings move season start wrong
We are just about to move into the pre-announcement season when companies start to tell you how wrong you were about earnings estimates,