Paul Nolte
Paul Nolte
certainly helping intel
The upgrades are certainly helping Intel and Exxon, and that's boosting the Dow.
attention economic paying phenomenon worth
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.
aging coming concern expense fact integral keeping looking patents population possibly
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.
competition energy higher prices providing rise struggling
We're struggling with higher energy prices and also the rise in bonds, which is providing some competition for stocks.
crazy expensive
We went from being expensive 10 years ago to crazy expensive, and now we're back to just expensive.
context declining percent rally within
We could see a 3 to 5 percent rally and still be within the context of a declining market,
couple interested investors last selling strong telling trend volume weak
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.
carry companies couple earnings gas large news ran
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.
additional broken commit dollars trading
We may have broken out of our trading range, but we would like to see some follow-through before we commit additional dollars to the market.
environment fact happens matter
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.
analysis bond came debating energy federal heading hikes looking moderation next prices residual seeing
We're getting a moderation in bond yields, and energy prices came down today. We're looking at things more favorably than this morning. There's still residual analysis about the Federal Reserve, and we're seeing some gamesmanship heading into next week's meeting, debating how more hikes we have.
bond certainly competition good providing risks
We're still absorbing a lot of things. The risks right now are certainly still with the bond market. It's providing some good competition for stocks.
economy figuring growth investors reasonable seeing strength translate
We're still seeing reasonable growth in the economy ... and investors are figuring this is going to translate into strength in earnings.
difference diplomatic east japanese less markets middle oil prices stellar week
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.