Jim Melcher Quotes

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. - Jim Melcher

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

We are just about to move into the pre-announcement season when companies start to tell you how wrong you were about earnings estimates. - Jim Melcher

Valuations for stocks are still high. - Jim Melcher

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. - 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

This is probably the most unusual week we've had in the stock market, at least since 1929. - Jim Melcher

They are a way to play the growth in the Internet from the hardware side... The Internet just soaks up more and more memory, and more and more bandwidth, and both these companies are ways to play it. They're not cheap, they're really expensive. We pulled a little money out of them recently, as a matter of fact, but we continue to hold most of our positions in these stocks. - Jim Melcher

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. - Jim Melcher

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