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...
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.
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.
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.
amazon below both decent microsoft quarter results yesterday
A lot of the results yesterday have been a little disappointing. Microsoft had a decent quarter but was a little below expectations. It was the same with both Amazon and Coke.
beginning downside factor hurt market next primary resist
A lot of the market is beginning to resist the downside because it's already been hurt so badly. That's what I think will be the primary factor next week.
federal meeting next remain reserve stimulus underlying vacuum week
We remain in a stimulus vacuum and the underlying motif this week will be the Federal Reserve meeting next week.
acts arrive attempt discount extent full hurricane market stock
When we arrive on Monday, we may or may not know the full extent of Hurricane Rita. The stock market can attempt to discount what is discernible, but when it comes to acts of nature, it can only make assumptions.
hit intel margins profit report rising
Intel hit everything in its report but said inventories are rising and profit margins are falling. And that's all she wrote.
companies electronic equipment gear sell technology
In technology, I think the semiconductors, semiconductor equipment makers, and the companies that sell you electronic gear look attractive.
correction gulf impossible market rest somewhere technology wide
Clearly, the gulf between technology and the rest of the market was so wide it was impossible to sustain. And there had to be a correction somewhere and the correction is under way.
certainly earnings price reports stock tomorrow
Cisco reports earnings tomorrow (Tuesday) and certainly that stock is at a price where there may be a split.
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.
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.