Jim Melcher
Jim Melcher
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.
flows march money moving slower time
However, we're moving into a slower time for money flows in March and April.
broader companies driven five good last market money moving selling
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.
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.
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.
question
That's the question of the day: is it sustainable,
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.
corporate direct market operate oversight poor regulation stayed stock
I have stayed away because corporate governance, stock market oversight and regulation are all pretty poor in China. One way to play it is through Hong Kong. You can operate there with some real confidence, and that's probably your most direct play. The other way is through Taiwan.
keeps pumping
It just keeps pumping out the earnings, an excellently managed company,
road rocky work
It's going to be a rocky road going forward. You're going to have to work for your money.
amazing holding market oil prices
It's amazing the market is holding up as well as it is, considering that oil prices are at a record.
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.
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.