Ernie Ankrim

There have not been any big blips in inflation (so far this year),

There have not been any big blips in inflation (so far this year),

Economic strength poses a possible risk that the Fed might find it necessary to increase interest rates even beyond May. read more

Economic strength poses a possible risk that the Fed might find it necessary to increase interest rates even beyond May. With that comes the risk that the economy could be slowed substantially, which is something that had been taken off the table at least in the last month.

The fear that the Fed will continue well into 2006 has been dramatically reduced, and that's why equities look so read more

The fear that the Fed will continue well into 2006 has been dramatically reduced, and that's why equities look so good.

I'm not exactly convinced that this market is overly bullish.

I'm not exactly convinced that this market is overly bullish.

Once the Fed signals its intentions or investors perceive that the end is near, stocks might rise strongly.

Once the Fed signals its intentions or investors perceive that the end is near, stocks might rise strongly.