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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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.
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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.
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There are many facets to the market. One facet has been that money managers have been willing to dip their toe in the water.