34 Quotes by Paul Nolte

Greenspan is not going to wake up in June of next year and say 'I should have really raised rates more aggressively.' His legacy of price stability is pretty secure so I don't think the last six months of his tenure will destroy it for him.

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.

Right now sentiment is all loaded on one side of the market. It gives you the idea we're running late in the game -- we may be in the process of putting in a short-term top in the market.

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.

We're struggling with higher energy prices and also the rise in bonds, which is providing some competition for stocks.

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.

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.

We went from being expensive 10 years ago to crazy expensive, and now we're back to just expensive.

We could see a 3 to 5 percent rally and still be within the context of a declining market,