On a year-over-year basis, the inflation figures are not anything to be concerned about.
More Quotes from Paul Nolte:
We still like the fact that we're in an environment where no matter what happens in the economy, they (pharmaceutical companies) are still going to be doing business.Paul Nolte
We have strong volume on down days, and weak volume on up days. That's the trend for the last couple weeks. That's telling that investors are more interested in selling than they are buying.
Paul Nolte
After a nice rally, investors are just taking a little bit of money off the table.
Paul Nolte
The foreign markets are on an absolute tear, so there's some thought that the liquidity might start coming back into the U.S. markets.
Paul Nolte
We ran out of gas after yesterday's large advance. We only had earnings news from a couple companies today, and that couldn't carry us.
Paul Nolte
Overall it doesn't look too bad. The prices paid is a concern. We'd like to see it come down a little. It's an inflationary key.
Paul Nolte
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