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...
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.
market month point quite run supposed worst
I think the market has done quite well in what is supposed to be the worst month of the year, but at some point you're going to run into an overbought condition,
housing industrial johnson maybe numbers production reports tomorrow turn
Tomorrow (Tuesday) we get numbers on industrial production and housing and big reports from Intel, Coke, Johnson & Johnson -- maybe that can turn us around.
bit coming tomorrow vacuum weekend
We are in a bit of a vacuum with the long three-day weekend coming up. Tomorrow will be a vacuum kind of day.
kindness mechanical program quick sell
When you see this kind of quick move, that's a mechanical sell program from one of the brokerages.
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.
analyzed auto core couple deals inflation items markets numbers prices rate realized reason tobacco took
There were a couple of one-shot deals in the PPI -- auto prices and tobacco prices. If you took those two items out, the core rate was up 0.1. That's the reason why the markets have come back a little. I've analyzed the numbers and realized that this is not inflation out of control.
backdrop blue cautious continue cyclical fed heading movements papers path stocks toward wall
There's a cautious backdrop (on Wall Street). We're heading to that glide path toward the Fed meeting. I think there has been a gravitation toward the cyclical stocks and away from the blue chips. And I think we'll continue to see movements into the papers and the metals.
hike message rate send steady
A quarter-point rate hike would send a message of steady as she goes.
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.
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.