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...
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.
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.
figures inflation suddenly
Suddenly these inflation figures have a psychological impact.
blue
If I was doing some bargain-hunting in blue chips, those are two that I would go after.
Gimme a break, ... Where do we go from there?
electronic estimates exciting gear research sell tan
I also like Tandy ( TAN : Research , Estimates ). They sell all the electronic gear that is so exciting on the dip.
basis bet early fed goes pays points terms tomorrow trading wednesday
It doesn't tell you anything in terms of the fundamentals. I think there will be a bet made tomorrow (Tuesday) and early Wednesday that the Fed goes 50 basis points (a half-percentage point). If it pays off, I think there will be a trading flurry.
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,
again bonds economic fell friday home main managers number purchasing report reporting softer today whacked
Today bonds rallied because of the softer new home sales. Yesterday, bonds fell because the purchasing managers report was too strong. Now we go to Friday and the non-farm payrolls, which is the main part of the economic reporting cycle, and if that number comes in too strong, the bonds get whacked again -- and so do the stocks.
again bonds economic fell friday home main managers number purchasing report reporting softer today whacked
Today bonds rallied because of the softer new home sales, ... Yesterday, bonds fell because the purchasing managers report was too strong. Now we go to Friday and the non-farm payrolls, which is the main part of the economic reporting cycle, and if that number comes in too strong, the bonds get whacked again -- and so do the stocks.
bring economic federal figures inflation job pace rash signs slowing street week
The abbreviated week will bring with it a rash of economic numbers, culminating in the May job figures on Friday. The Street would like to see some signs of a slowing economic pace so as to assuage the inflation junkies on the Federal Reserve.
history hour market mood sells stock taking
However, the history of the stock market is that everyone sells into the strength. So I'll be taking it one hour at a time. I'm in a show-me mood today.
almost bell caution decent given level lowest opening promise volume yesterday
However, given that the volume yesterday was almost at the lowest level of the year, caution prevails. I can promise a decent opening but it's still a bell to bell story.