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...
avoid certainly military word
If we get any kind of word that we can avert military action, avoid a war, certainly that would be helpful.
doom gloom negative period statements
We're going through this pre-announcement period where all the gloom and all the doom and all the negative statements are being made.
last selling snap week
The selling last week was so extreme, there had to be a snap back.
bush mandate radical
Even if Bush were to win, there's no mandate to do any radical legislation.
break coming earnings lead market reports sector statements technology watching
Earnings statements will make or break the market this week. I'll be watching the reports coming from some of the technology names, because I think that sector may lead the way this year.
inventory suffering tech time work
Tech is suffering from one big inventory overhang. It's going to take a long time to work through that.
continues good licked oil reaction
Everything continues to revolve around oil after we got licked pretty good yesterday. Everything is a knee-jerk reaction now.
ahead attention august course due economic fed focused follows front future indication light market meeting monday month policy rally rate slow statement tendency volume
Attention will be focused on the statement that follows the 2:15 p.m. ET rate announcement, as it will give us a better indication on the Fed's future course of action. Noteworthy is that the tendency has been for the market to rally ahead of the Fed meeting and to sell-on-the-news after the announcement, ... While the market is advancing, it is on light volume due to this being a Monday in the slow month of August in front of tomorrow's economic policy uncertainty.
begin buys chip chips component demand good meet point slow stocks task turning
At this point, the task of the component suppliers is to find enough chips to meet the demand, ... But there's always the psychological turning point as to when you begin to slow the demand down. I think that's the problem. I think it's been overdone, and I think the chip stocks are very good buys here.
chemical chemicals cyclical giving helping morgan stanley stocks
Cyclical stocks are helping the Dow today. Morgan Stanley upgraded some chemical stocks and that's giving cyclical stocks -- paper, chemicals -- a boost.
chemical chemicals cyclical giving helping morgan stanley stocks
Cyclical stocks are helping the Dow today, ... Morgan Stanley upgraded some chemical stocks and that's giving cyclical stocks -- paper, chemicals -- a boost.
again based consumer depends economy since true
We say it again and again, but it's true that everything depends on the consumer, since around 70% of our economy is based around consumer spending.
claus except next santa sink teeth
There's nothing really to sink your teeth into next week, except for the possibility of a Santa Claus rally.
basis investors percentage plate points sold stepped traders
The traders wanted 75 basis points (three-quarter percentage point) so they sold on the news. After the traders sold, investors stepped up to the plate (to sell).