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Letter "J" » Jim Melcher Quotes
«I think the market is at a balance point here and that we are likely to drift over the short run.»
«It's going to be a rocky road going forward. You're going to have to work for your money.»
«What we have is a very small marginal edge of a positive view on this. Wall Street is cynical.»
«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.»
«It just keeps pumping out the earnings, an excellently managed company,»
«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.»
«Something like this news is the sort of catalyst that ought to spark a terrific rally now, but the question is will it sustain itself? And that's not at all clear. Certainly in '98 when the Fed did this you had a rally that lasted a year or two. I think we're going into a rally right now,»
«Valuations for stocks are still high,»
«When you get a move like that in the last few days, it tends to continue. A [single] Fed rate hike isn't going to stop this market - it's not enough. The question is will the Fed keep raising rates until the market corrects itself.»
«That's the question of the day: is it sustainable,»