But that's more of a short-term phenomenon than anything worth paying a lot of attention to, ... it's going to come down to better economic numbers.
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
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
I don't expect to see a sharp movement in stocks -- it will be a gradual erosion over time.
Paul Nolte
There is some concern over drugs coming off of patents and the expense of those drugs, and in some cases, such as with Pfizer and Merck, the efficacy issues, ... But we still can't get away from the fact that we're looking at an aging population and drugs are an integral part of keeping us going as long as we possibly can.
Paul Nolte
We went from being expensive 10 years ago to crazy expensive, and now we're back to just expensive.
Paul Nolte
After a nice rally, investors are just taking a little bit of money off the table.
Paul Nolte
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