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...
sitting stocks
It's not like stocks are sitting there unloved. They have done well.
draw eventually inventory kicked mean primarily work
It's primarily a manufacturing recession. Just because it hasn't kicked in yet doesn't mean that eventually it won't work its way through, but it has to be accompanied by this inventory draw down.
accelerate begun confession fear good handful negative past range reports sets trembling wall weeks wide yesterday
Confession may be good for the soul, but not on Wall Street. The negative pre-announcements that have been with us for the past two weeks has begun to accelerate with 21 confessions yesterday (Wednesday) and a handful this morning. This sets up some fear and trembling about the wide range of reports to come through most of July.
conditions dismal
It was a pretty dismal day. We're really in oversold conditions at this point.
arrival basic earnings problem quarter third week
The basic problem this week has been the arrival of third quarter earnings and the non response,
days fail good negative slightly three
It's been a slightly negative day, but after three good days and three good months, I fail to see how this is going to be a significant problem. It's just a breather today.
gratifying tomorrow
It was a very gratifying day. But I'd like to see some follow-through tomorrow (Tuesday).
decision move street
It was a respectable day. But after the (Fed) decision tomorrow, I think we can do better. I think the Street is braced for a no-rate-cut, no-rate-hike move from the Fed.
continue hurdles interest major market oil quarter rates snap
The two major hurdles continue to be oil and interest rates on the Treasuries. The market has demonstrated through the first quarter that we can snap back.
certainly close intel market microsoft ok
The two biggies after the close (Tuesday) -- Microsoft and Intel -- were OK but certainly not a market turn-on,
fed hurt means numbers stocks
It's a catch-22. If any of these numbers comes in too strong, it's going to hurt stocks because it means the Fed is going to keep hiking.
challenged chasing few good legs near nuts rally
It's a good rally and it's got some legs for a few days, but I wouldn't go nuts chasing after it. It's going to be challenged in the near future.
alive building bull citizen due energy flirt home hope keeping lack likely money popular reach restless rotation senior shifting small status stocks technology
The popular indexes have managed to reach 4-year highs, while small and midsize indexes flirt with all-time highs. The lack of sustainability is likely due to the senior citizen status of the bull market, now in its 41st month. The restless rotation is keeping hope alive with money shifting from energy stocks to home building to technology to financials.
alive building bull citizen due energy flirt home hope keeping lack likely money popular reach restless rotation senior shifting small status stocks technology
The popular indexes have managed to reach 4 1/2-year highs, while small and midsize indexes flirt with all-time highs. The lack of sustainability is likely due to the senior citizen status of the bull market, now in its 41st month. The restless rotation is keeping hope alive with money shifting from energy stocks to home building to technology to financials.