After a nice rally, investors are just taking a little bit of money off the table.
More Quotes from Paul Nolte:
Those that are left to trade seem to be going through the motions until year-end. The economic news today was expected based on last week's CPI number, so it was no surprise and couldn't sustain us until the end of the session.Paul Nolte
Stocks have had a real tough time maintaining gains this whole week. When we start taking a look around, gains tend to evaporate. Today, investors are looking at tech leaders. Those stocks are where the weight is being carried.
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
We went from being expensive 10 years ago to crazy expensive, and now we're back to just expensive.
Paul Nolte
What a difference a week makes, from improprieties in the Japanese markets to still-higher oil prices amid diplomatic rumblings in the Middle East to less than stellar earnings.
Paul Nolte
To a certain extent, Bush's speech about increased spending in the U.S. Gulf Coast is helping the market. I am not too terribly surprised that consumer confidence is low because the number is colored by Katrina.
Paul Nolte
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Based on Topics: Money & Wealth QuotesThe other thing is we have an incredible villain. And we worked very hard to have villains that are connected to the hero. They have an effect, an emotional effect. They never become out-of-this-world, crazy villains.
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A crowd always thinks with its sympathy, never with its reason.
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Where is the politician who has not promised to fight to the death for lower taxes- and who has not proceeded to vote for the very spending projects that make tax cuts impossible?
Barry Goldwater