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.
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.
alive building bull citizen due energy flirt home hope keeping lack likely money popular reach restless rotation senior shifting small status stocks technology
The popular indexes have managed to reach 4-year highs, while small and midsize indexes flirt with all-time highs. The lack of sustainability is likely due to the senior citizen status of the bull market, now in its 41st month. The restless rotation is keeping hope alive with money shifting from energy stocks to home building to technology to financials.
alive building bull citizen due energy flirt home hope keeping lack likely money popular reach restless rotation senior shifting small status stocks technology
The popular indexes have managed to reach 4 1/2-year highs, while small and midsize indexes flirt with all-time highs. The lack of sustainability is likely due to the senior citizen status of the bull market, now in its 41st month. The restless rotation is keeping hope alive with money shifting from energy stocks to home building to technology to financials.
bit technology temporary
I think the Dow is going to be under a little bit of short-term pressure, particularly with technology under a bit of a cloud. But I see it as a temporary situation.
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.
companies electronic equipment gear sell technology
In technology, I think the semiconductors, semiconductor equipment makers, and the companies that sell you electronic gear look attractive.
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.
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.