I think there is some negative reaction to the announcement by the Bank of Japan. The economic data and earnings reports were also not fabulous this morning. Paul Nolte More Quotes by Paul Nolte More Quotes From Paul Nolte I don't know how strong the case is for impeachment, so I don't know what will happen with that. We react first and think later. Paul Nolte top-news GDP growth was not fabulously good and not fabulously bad. It builds a case for the Fed to cut rates by 25 basis points and then sit on the sidelines for the remainder of this year. Paul Nolte business The poor number indicates that we are suffering alongside the rest of the global economy and that it is having an impact on the U.S., the U.S. has been the best house in a lousy neighborhood and maybe that is changing. Paul Nolte company-news There's so much in the background - trade, government shutdown, earnings season - you're going to have these big swings in the markets based on the latest data, (Investors) are getting more bearish and less optimistic about the outlook. Paul Nolte business It looks as though we're just taking a bit of a break after a good run last week. Paul Nolte top-news The market is anticipating a very good earnings season and ignoring any trade issues. Paul Nolte top-news The market is anticipating a very good earnings season and ignoring any trade issues, we're not likely to get much color on trade from this earnings, so the expectation is still for a very good season. Paul Nolte top-news Industrial stocks are being hurt by the trade sanctions announced by the U.S. and compounding it is the stronger dollar. Paul Nolte business They're reasonably priced. It doesn't mean they're screaming cheap. You can start to accumulate them here. Paul Nolte business You have kind of a mixed bag of earnings numbers ... the economic data generally speaking was pretty good and that's leading to a little bit of mild buying in the market. Paul Nolte business Energy prices have been weak for sometime now, but markets have chosen to ignore them, I think today's move may bring the markets' focus back on energy. Paul Nolte company-news We're now on to the next shiny new object and that's earnings season, as long as companies beat earnings estimates, investors will feel comfortable buying stocks. Paul Nolte company-news Today's decline is not a surprise as investors have had a chance to take a step back and look at things and go, 'Well maybe it's not all that good'. Paul Nolte company-news I think this is a short-lived rally. Paul Nolte company-news Yellen's speech tells me that Federal Reserve is going to follow through with what all the Federal Reserve governors have been saying in the past six weeks. Paul Nolte company-news Some acquisitions, news of Berkshire taking a stake in Apple and higher oil prices are driving the market, i think the markets should stay here most of the day. Paul Nolte company-news Markets are still struggling with the dichotomy between the ECB and the Fed. Paul Nolte company-news We're in a window right now of roughly between 2,000 and 2,050 (for the S&P) that is fairly important for the market. That's the point at which the market broke down in August. If we can hold above 2,000, that would be a good thing. Paul Nolte company-news We're in a window right now of roughly between 2,000 and 2,050 (for the S&P) that is fairly important for the market. That's the point at which the market broke down in August. If we can hold above 2,000, that would be good thing. Paul Nolte company-news We're in a window right now from about 2,000 to 2,050 (for the S&P), and that is fairly important for the market. If we can hold above 2,000 that would be good. We're in a better part of the year from a seasonal perspective. Paul Nolte company-news
