Anthony Chan Rising Quotations

The plunge in inventory accumulation does suggest that firms are not confident enough to add merchandise to their shelves. But they will not be able to do this indefinitely because everyone knows that sporting empty shelves in a rising growth environment is not prudent.

Since the beginning of this year, the economy has been recovering gradually....In that environment, a gradually rising stock market would be justified. Instead we got a sharp decline. Can we justify this rally? Absolutely....But we can't justify a thousand-point increase every week.

It appears as though the level of job security is rising and that's a very encouraging thing to consumers, ... Consumers are spending more on general merchandise as well as on eating out. People don't go out to restaurants a lot if they're not feeling good about their economic situation.

Real new home sale prices and existing-home sale prices have been rising very sharply. When that starts to give way and we don't have the equity market picking up where housing left off, that's another reason the economic expansion will be gradual.

We will eventually see the negative impact of rising rates -- we can't dodge that bullet -- but doesn't usually happen at the beginning of the cycle. I'm not sure we will continue to see the market beating expectations by these margins, but I don't see the market collapsing in the next month or so.

The significant number of headwinds such as rising energy prices and the prospects of rising short-term rates are taking their toll on the economy,

Oil prices have not been a positive for the equity market with the potential for rising inflation.

clear evidence that this sector will not continue rising forever.

The housing market doesn't surprise me; it's been rising all along and enabled the economy to experience only a mild recession.