The inflation signals are getting to be stronger and stronger, and that's what is attracting the buying. And it is not over yet.

There's the realization that there's real inflation in the U.S., and not just the kind of head-in-the-sand inflation we've seen the past six to eight months.

The market has traded very poorly. Gold is trading above $600, which is indicative of the inflation outlook. Then there is fear about a strong jobs number tomorrow.

Look at it! Look at it, damn you! This is the result of your consistent, persistent, grinding, impoverishing inflation, you despicable loathsome morons!

It looks as though core inflation is back. We have the core CPI now growing at an average monthly rate of roughly 0.3 percent thus far in 2004. That adds up to a rate hike happening sooner rather than later.

It looks as though core inflation is back, ... We have the core CPI now growing at an average monthly rate of roughly 0.3 percent thus far in 2004. That adds up to a rate hike happening sooner rather than later.