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...
bring economic federal figures inflation job pace rash signs slowing street week
The abbreviated week will bring with it a rash of economic numbers, culminating in the May job figures on Friday. The Street would like to see some signs of a slowing economic pace so as to assuage the inflation junkies on the Federal Reserve.
again bonds economic fell friday home main managers number purchasing report reporting softer today whacked
Today bonds rallied because of the softer new home sales. Yesterday, bonds fell because the purchasing managers report was too strong. Now we go to Friday and the non-farm payrolls, which is the main part of the economic reporting cycle, and if that number comes in too strong, the bonds get whacked again -- and so do the stocks.
again bonds economic fell friday home main managers number purchasing report reporting softer today whacked
Today bonds rallied because of the softer new home sales, ... Yesterday, bonds fell because the purchasing managers report was too strong. Now we go to Friday and the non-farm payrolls, which is the main part of the economic reporting cycle, and if that number comes in too strong, the bonds get whacked again -- and so do the stocks.
blue
If I was doing some bargain-hunting in blue chips, those are two that I would go after.
Gimme a break, ... Where do we go from there?
coming economic sidelines signals strong
Basically, the (people on the) sidelines are coming in. The economic signals are just too strong to ignore.
avoid certainly military word
If we get any kind of word that we can avert military action, avoid a war, certainly that would be helpful.
based billions choice choices dollars major managers minor money
I don't know that money managers controlling billions of dollars are going to make major choices based on this minor development,
average beyond companies gotten pocketbook price split stock
Obviously, companies split when the stock price has gotten beyond the pocketbook of the average investor.
along bargains move people rushing
People will move along at an unhurried pace. No one is rushing to get in, and yet there are bargains around, so we're in this range-bound atmosphere.
declining losers performance ratio shows since worst
On Friday, we had a ratio of 12 to 1 of losers to winners. That's the worst performance since 1997. We also had over 3,000 declining issues. This shows real weakness.
gasoline hurting penny spend
Low-end consumers, the ones that spend every penny of their paycheck, are really hurting with these gasoline prices.
gain quarter remember reported second
Second quarter is going to be excellent. Remember when the first quarter was reported in April, we had a 1,000-point gain in the Dow, and that was only a 10-percent (earnings) gain.
apple catalyst earnings expecting far mixed positive season waiting
So far the earnings season is kind of a mixed bag. It's not the catalyst that everyone was expecting it to be. Nokia was disappointing, Apple was positive and Citigroup is in the middle. We're still waiting for IBM,