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...
breath heavy minus par plus
This is par for the course. All you've got to do is breath heavy and you get the Dow plus or minus 90 points.
bad carried concerns forward friday good horrific markets news open rates rising stem structure weakness
The weakness from Friday carried forward to the international markets and we could get a horrific open here today. The concerns stem from the rising rates structure and what we got on Friday was something of a good news, bad news syndrome.
continue corporate dismal economic economy news offset stocks until
So there's nothing to offset the economic news and stocks are muddling along. Until we get some surety about the economy or corporate earnings, we'll continue to have this drifting, dismal kind of day.
narrow
so you can see how narrow (the rally) really is.
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.
against cautious destined weather
They were destined to be disappointing. One, the weather was against you and we have a cautious consumer.
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.
beginning last might minute open stay
Last minute tax-loss selling, that's why they stay open on the day before New Year's, so there might be some excitement, but it's just a beginning phase.
event managers media money rushing simply stocks
It is a media event and it will be a big deal, but I don't think that the money managers will go rushing into stocks just simply because we got to Dow 10,000,
followed period spur summer twilight
I think we're in the twilight zone. You have the confessional period followed by the summer doldrums, so there really isn't anything that's going to spur it to the upside.
few gotten next
we may have gotten overbought a little. We are probably going to see a pullback in the next few days.
hurt impact might rates rising
Rising rates won't hurt the new techies, but they might impact the 'old economy' customers.
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.