Larry Wachtel
Larry Wachtel
Larry Wachtelwas a stock, bonds, and equities commentator on the New York City metropolitan area radio. He added a populist flavor to his commentary on the stock market and spoke in a thick Brooklyn accent...
bush mandate radical
Even if Bush were to win, there's no mandate to do any radical legislation.
immediate major microsoft ruling
Translated, the Microsoft ruling was a major event, but it was so predictable as to have little immediate impact.
break coming earnings lead market reports sector statements technology watching
Earnings statements will make or break the market this week. I'll be watching the reports coming from some of the technology names, because I think that sector may lead the way this year.
beginning bottom deep good knew news
We knew deep down there was some good news in the bottom line, but we were beginning to have our doubts.
blue chips cyclical stocks toward warned worth
What does Buffett know? He's only worth $18 billion. I think he has warned of this in the past. And, indeed, he's right on blue chips There has been a gravitation toward the cyclical stocks and away from the blue chips.
continues good licked oil reaction
Everything continues to revolve around oil after we got licked pretty good yesterday. Everything is a knee-jerk reaction now.
ahead attention august course due economic fed focused follows front future indication light market meeting monday month policy rally rate slow statement tendency volume
Attention will be focused on the statement that follows the 2:15 p.m. ET rate announcement, as it will give us a better indication on the Fed's future course of action. Noteworthy is that the tendency has been for the market to rally ahead of the Fed meeting and to sell-on-the-news after the announcement, ... While the market is advancing, it is on light volume due to this being a Monday in the slow month of August in front of tomorrow's economic policy uncertainty.
begin buys chip chips component demand good meet point slow stocks task turning
At this point, the task of the component suppliers is to find enough chips to meet the demand, ... But there's always the psychological turning point as to when you begin to slow the demand down. I think that's the problem. I think it's been overdone, and I think the chip stocks are very good buys here.
claus except next santa sink teeth
There's nothing really to sink your teeth into next week, except for the possibility of a Santa Claus rally.
basis investors percentage plate points sold stepped traders
The traders wanted 75 basis points (three-quarter percentage point) so they sold on the news. After the traders sold, investors stepped up to the plate (to sell).
breath heavy minus par plus
This is par for the course. All you've got to do is breath heavy and you get the Dow plus or minus 90 points.
bad carried concerns forward friday good horrific markets news open rates rising stem structure weakness
The weakness from Friday carried forward to the international markets and we could get a horrific open here today. The concerns stem from the rising rates structure and what we got on Friday was something of a good news, bad news syndrome.
against cautious destined weather
They were destined to be disappointing. One, the weather was against you and we have a cautious consumer.
continue corporate dismal economic economy news offset stocks until
So there's nothing to offset the economic news and stocks are muddling along. Until we get some surety about the economy or corporate earnings, we'll continue to have this drifting, dismal kind of day.