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...
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Obviously, companies split when the stock price has gotten beyond the pocketbook of the average investor.
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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.
certainly earnings price reports stock tomorrow
Cisco reports earnings tomorrow (Tuesday) and certainly that stock is at a price where there may be a split.
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.
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We're going through this pre-announcement period where all the gloom and all the doom and all the negative statements are being made.
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The selling last week was so extreme, there had to be a snap back.
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Even if Bush were to win, there's no mandate to do any radical legislation.
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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.
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Tech is suffering from one big inventory overhang. It's going to take a long time to work through that.
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Everything continues to revolve around oil after we got licked pretty good yesterday. Everything is a knee-jerk reaction now.
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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.
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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.