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...
cavalry charge close drive forward prior
Now, this day prior to the long weekend, I don't think we'll have the cavalry charge at the close today. But I think this has legs. I think it could drive forward to, say, Dow 8500.
completing data fail fourth market quarter relevance
We're completing the first quarter now, but we're still getting data from the fourth quarter. This is old news. I fail to see what relevance this will have for the market today.
action amazed market shows sideways strong
I'm amazed at how well the market has held. This sideways action shows a very strong market.
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.
affair cool fact funds love margin mutual profit public rates rise shake turn
The only thing that would shake me would be a fundamental change, if rates would rise dramatically to 7 percent, if the profit margin contraction continued, if the love affair by the public with mutual funds would cool off. The fact that the Dow is fluctuating more than it used to doesn't turn me on or turn me off.
appeared economic four last lousy positive reports summer today trading
The only thing that was positive today was that there was nothing negative, especially no lousy economic reports that we've had over the last four trading days. The summer doldrums have not appeared so far.
bottom flowing money safer scientific
...There is no scientific way of determining where the Nasdaq bottom is...the money is flowing into safer havens.
believe good surprising tomorrow
We had a good day with surprising strength, but I need to see a follow-through tomorrow to believe it will stick.
immediate major microsoft ruling
Translated, the Microsoft ruling was a major event, but it was so predictable as to have little immediate impact.
band fake head question rubber six snap stretch weeks
We've been down for six weeks on the S&P 500, and if you stretch a rubber band enough, it's going to snap back, ... The question is 'is this a head fake or will it continue?'
bad coming data earnings economic expecting fed good hike increasing likelihood likely news phenomenon rate strange street stronger
We have good earnings today, but there's just too much good economic news. We're increasing the likelihood of a rate hike in June. The data are coming in stronger than expected, so the Street is expecting another hike. The better the news, the more likely the Fed will tighten. It's a strange phenomenon that good news can be bad news.
dip facet facets managers money toe willing
There are many facets to the market. One facet has been that money managers have been willing to dip their toe in the water.
aggressive doubts february federal figures guidance intel job kicked negative raise reserve selling strong turned wave
Negative guidance from Intel kicked off a new selling wave in beleaguered technology, while the February job figures turned out to be strong enough to raise some doubts about aggressive Federal Reserve ease.