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...
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.
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.
completing data fail fourth market quarter relevance
We're completing the first quarter now, but we're still getting data from the fourth quarter. This is old news. I fail to see what relevance this will have for the market today.
action amazed market shows sideways strong
I'm amazed at how well the market has held. This sideways action shows a very strong market.
continue hurdles interest major market oil quarter rates snap
The two major hurdles continue to be oil and interest rates on the Treasuries. The market has demonstrated through the first quarter that we can snap back.
certainly close intel market microsoft ok
The two biggies after the close (Tuesday) -- Microsoft and Intel -- were OK but certainly not a market turn-on,
acts arrive attempt discount extent full hurricane market stock
When we arrive on Monday, we may or may not know the full extent of Hurricane Rita. The stock market can attempt to discount what is discernible, but when it comes to acts of nature, it can only make assumptions.
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,
beginning downside factor hurt market next primary resist
A lot of the market is beginning to resist the downside because it's already been hurt so badly. That's what I think will be the primary factor next week.
analyzed auto core couple deals inflation items markets numbers prices rate realized reason tobacco took
There were a couple of one-shot deals in the PPI -- auto prices and tobacco prices. If you took those two items out, the core rate was up 0.1. That's the reason why the markets have come back a little. I've analyzed the numbers and realized that this is not inflation out of control.
based bull ends goes inflation market profits program random rates rises
The bull market only ends on a fundamental reason. It ends if inflation rises and rates rise. It ends if profits dive. It doesn't end because the Dow goes down on a random day based on program trading.
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.
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.
correction gulf impossible market rest somewhere technology wide
Clearly, the gulf between technology and the rest of the market was so wide it was impossible to sustain. And there had to be a correction somewhere and the correction is under way.