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...
narrow
so you can see how narrow (the rally) really is.
based bull ends goes inflation market profits program random rates rises
The bull market only ends on a fundamental reason. It ends if inflation rises and rates rise. It ends if profits dive. It doesn't end because the Dow goes down on a random day based on program trading.
april doubt earnings fed good quarter reported
Once we get to April and the first quarter earnings are reported -- and I think they're going to be pretty good -- (that) could be helpful. I doubt if you'll get anything out of the Fed meeting.
hike message rate send steady
A quarter-point rate hike would send a message of steady as she goes.
inventory suffering tech time work
Tech is suffering from one big inventory overhang. It's going to take a long time to work through that.
blue deep dip toe water
This is a way to dip your toe in the water without getting into deep vulnerability, so you're participating in the blue chips.
billion finding microsoft portfolio seen selling
This is the first day of the month, you may have seen some end-of-the-month portfolio selling dissipating, ... And this is the day that Microsoft is distributing $33 billion in cash, so there is some anticipation of that finding its way back to the market.
last selling snap week
The selling last week was so extreme, there had to be a snap back.
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,
coming economic sidelines signals strong
Basically, the (people on the) sidelines are coming in. The economic signals are just too strong to ignore.
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.