27 Quotes by Jim Melcher

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.

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.

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.

What we have is a very small marginal edge of a positive view on this. Wall Street is cynical.

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.

I think the market is at a balance point here and that we are likely to drift over the short run.

I think there's definitely been a (psychological) shift,

People are looking at the negative pre-announcements from GM and IBM, the retail sales reports, the hiring trends, and they're waking up to the fact that the consumer is slowing down, and that's going to impact the economy and corporations.

That's the question of the day: is it sustainable,