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...
strong struggle moving
It's becoming a day-to-day struggle between bears and bulls. Once oil and yields move to highs, the bears take advantage. Those are the twin dreadnoughts of the market. But earnings news has been strong and has kept bulls on top.
oil earning flow
It's an earnings-driven market. The big question is whether the flow of earnings can rescue the market from the twin dreadnoughts of higher oil and interest rates.
lying important pressure
Getting back to inflation, it is important to note that the producer price Index does not reflect wage pressures - and that is where the inflation threat really lies.
falls gained points since
The Dow is dopey. It gained 1,000 points since mid-April. That's impressive. If it falls 100 points, so be it.
falls gained points since
The Dow is dopey, ... It gained 1,000 points since mid-April. That's impressive. If it falls 100 points, so be it.
components cyclical economy fed sensitive slow weak
The Dow components are weak because the Fed is threatening to slow the economy down. Its cyclical components are the ones that are most sensitive to that.
consumer earnings future numbers oil price psychology
The earnings numbers are still respectable, but they are softening. The psychology is that you can't make projections about future earnings without having some sense about where the price of oil is going and what the consumer will do.
efforts iraq market rally
The fundamentals have undercut any efforts for the market to rally on Iraq news,
appeals await drama fades high void
The high drama was yesterday, and now it fades into the void as we await the appeals process,
coming cuts dramatic effect hit inventory involving people rate recession
The differentiation is where the recession is coming from. When you're in a consumer-housing situation, the rate cuts have a very dramatic effect and hit much sooner. But when you're in a manufacturing recession involving overcapacity and inventory overhang, it's not going to make people borrow.
asian dealing latin overseas russia street trouble wall
This is all promulgated by overseas markets. We started with the festering Asian situation, Russia then spilled over into Latin America, and Wall Street has trouble dealing with all these overseas situations.
cows sacred year
All the sacred cows of one year ago are getting decimated.
leadership moved quality stocks
The leadership of the marketplace moved out of techs and into quality stocks today.
five four last market negative
The market is plagued by warnings. There have been over 500 negative preannouncements in the last four to five weeks.