What we're seeing is an increase in the manufacturing sector, ... The manufacturing sector has been very weak for the last year and a half -- since the Asian (financial) crisis. Now, that sector seems to be recovering.
As long as the economy moves along, you'll get profits rising steadily ... I don't think this (selling) will last steadily.
In the context of the PPI released last week, which was much higher than expected, the CPI is a big relief,
As alarming as this is -- and the trend is certainly not very favorable -- it's not like it was in the last recession.
The Dow went from 8,360 to 8,420 in the last 45 minutes. That turned the bonds down,