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...
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.
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.
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.
kindness mechanical program quick sell
When you see this kind of quick move, that's a mechanical sell program from one of the brokerages.
incident isolated
If it's just one,' that's the whole premise. That this is not the first in a series, this one isolated incident and then we're on to better things. This is a miscalculation.
aura cave consumer created credit final starts
If the consumer starts to cave in, the 'double dip' aura will come back. I think that (the Consumer Credit report) is what created this final selling.
economy fed seeking slow
If the Fed is seeking to slow the economy down that's always the conundrum,
catalyst fed hints major market move raising stop
If the Fed even hints that it will stop raising rates, that would be a major catalyst to move the market higher.
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.
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.
hurt impact might rates rising
Rising rates won't hurt the new techies, but they might impact the 'old economy' customers.
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,
bit technology temporary
I think the Dow is going to be under a little bit of short-term pressure, particularly with technology under a bit of a cloud. But I see it as a temporary situation.