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.
More Quotes from Jim Melcher:
This is the greatest stock-buying mania of all-time, people are buying stocks, they're buying blue chips, with no regard to value. In this respect, it's similar to 1929. People believe that as long as you're buying, everything's fine. This is a dangerous market, you should make no mistake about that.Jim Melcher
I think the market is at a balance point here and that we are likely to drift over the short run.
Jim Melcher
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.
Jim Melcher
The markets are concerned that robust growth in the U.S. will eventually lead to inflation and actions by the Fed.
Jim Melcher
the market is, and has been, for the last five years driven by about the same 100 companies, but if you could see money moving down to the broader market, we've got some real values, a lot of good companies selling really cheap.
Jim Melcher
However, we're moving into a slower time for money flows in March and April.
Jim Melcher
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