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...
gasoline hurting penny spend
Low-end consumers, the ones that spend every penny of their paycheck, are really hurting with these gasoline prices.
declining losers performance ratio shows since worst
On Friday, we had a ratio of 12 to 1 of losers to winners. That's the worst performance since 1997. We also had over 3,000 declining issues. This shows real weakness.
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.
backdrop blue cautious continue cyclical fed heading movements papers path stocks toward wall
There's a cautious backdrop (on Wall Street). We're heading to that glide path toward the Fed meeting. I think there has been a gravitation toward the cyclical stocks and away from the blue chips. And I think we'll continue to see movements into the papers and the metals.
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.
appeals await drama fades high void
The high drama was yesterday, and now it fades into the void as we await the appeals process,
band fake head question rubber six snap stretch weeks
We've been down for six weeks on the S&P 500, and if you stretch a rubber band enough, it's going to snap back, ... The question is 'is this a head fake or will it continue?'
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.
kindness mechanical program quick sell
When you see this kind of quick move, that's a mechanical sell program from one of the brokerages.
federal meeting next remain reserve stimulus underlying vacuum week
We remain in a stimulus vacuum and the underlying motif this week will be the Federal Reserve meeting next week.
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.
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.
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.
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.