<p>OT - NOK - MKM partners raised NOK from neutral to buy. </p> <p>The market if baffling. Until today, everything was spun as a positive. Job growth and rate hikes were seen as the sign of a strong economy. Suddenly inflation is a concern. And 'bad' earnings. (I don't get that - most of the earnings I've read have been beats, some with raised guidance - a new 'tax trick' that gooses numbers, or real earnings?) How many months ago was it that too little inflation was a major concern?</p>