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...
sitting stocks
It's not like stocks are sitting there unloved. They have done well.
amazon below both decent microsoft quarter results yesterday
A lot of the results yesterday have been a little disappointing. Microsoft had a decent quarter but was a little below expectations. It was the same with both Amazon and Coke.
narrow
so you can see how narrow (the rally) really is.
followed period spur summer twilight
I think we're in the twilight zone. You have the confessional period followed by the summer doldrums, so there really isn't anything that's going to spur it to the upside.
components cyclical economy fed sensitive slow weak
The Dow components are weak because the Fed is threatening to slow the economy down. Its cyclical components are the ones that are most sensitive to that.
falls gained points since
The Dow is dopey, ... It gained 1,000 points since mid-April. That's impressive. If it falls 100 points, so be it.
falls gained points since
The Dow is dopey. It gained 1,000 points since mid-April. That's impressive. If it falls 100 points, so be it.
claus except next santa sink teeth
There's nothing really to sink your teeth into next week, except for the possibility of a Santa Claus rally.
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.
economy fed seeking slow
If the Fed is seeking to slow the economy down that's always the conundrum,
gratifying tomorrow
It was a very gratifying day. But I'd like to see some follow-through tomorrow (Tuesday).
managers money rushing simply stocks
I don't think the money managers are going to go rushing into stocks just simply because we got to Dow 10,000.
hike message rate send steady
A quarter-point rate hike would send a message of steady as she goes.
challenged chasing few good legs near nuts rally
It's a good rally and it's got some legs for a few days, but I wouldn't go nuts chasing after it. It's going to be challenged in the near future.