Here is an excellent article by Doug Gillespie from Gillespie Research. Today's article is "Sell Stocks" Revisited - Apr. 19, 2006.

Here's a comment from Doug this morning prior to the release of the CPI numbers:

Economy: In a couple hours, the Labor Department will complete this month's rendition of "why don't you believe our inflation data," when it releases consumer price data for March. The consensus estimate looks for an increase from last month's +0.1% (overall and core), but does it really matter? Which leads me to a novel idea. Why not see if the bureaucrats at the Labor Department are confident enough with their numbers that they will agree to reimburse you for the difference between your inflation rate and what they say it is?

Don't you love it ?

Doug discusses the overall market and the Feds decision to no longer permit the reporting of M3. M3 is a broad measure of money and is an estimate of the entire supply of money within the economy. Thanks to the easy money polices of the Fed, M3 has ballooned which may be one of the reasons for the inflation we are experiencing today.

Precious metals, commodities, and energy prices have signaled that our economy is experiencing inflation on a massive scale.