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...
incident isolated
If it's just one,' that's the whole premise. That this is not the first in a series, this one isolated incident and then we're on to better things. This is a miscalculation.
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.
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.
average beyond companies gotten pocketbook price split stock
Obviously, companies split when the stock price has gotten beyond the pocketbook of the average investor.
fed hurt means numbers stocks
It's a catch-22. If any of these numbers comes in too strong, it's going to hurt stocks because it means the Fed is going to keep hiking.
blue
If I was doing some bargain-hunting in blue chips, those are two that I would go after.
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.
bottom flowing money safer scientific
...There is no scientific way of determining where the Nasdaq bottom is...the money is flowing into safer havens.
appeared economic four last lousy positive reports summer today trading
The only thing that was positive today was that there was nothing negative, especially no lousy economic reports that we've had over the last four trading days. The summer doldrums have not appeared so far.
affair cool fact funds love margin mutual profit public rates rise shake turn
The only thing that would shake me would be a fundamental change, if rates would rise dramatically to 7 percent, if the profit margin contraction continued, if the love affair by the public with mutual funds would cool off. The fact that the Dow is fluctuating more than it used to doesn't turn me on or turn me off.
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?'
blue chips cyclical stocks toward warned worth
What does Buffett know? He's only worth $18 billion. I think he has warned of this in the past. And, indeed, he's right on blue chips There has been a gravitation toward the cyclical stocks and away from the blue chips.
beginning bottom deep good knew news
We knew deep down there was some good news in the bottom line, but we were beginning to have our doubts.
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.