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...
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.
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.
leadership moved quality stocks
The leadership of the marketplace moved out of techs and into quality stocks today.
sitting stocks
It's not like stocks are sitting there unloved. They have done well.
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.
event managers media money rushing simply stocks
It is a media event and it will be a big deal, but I don't think that the money managers will go rushing into stocks just simply because we got to Dow 10,000,
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.
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.
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,
arrival basic earnings problem quarter third week
The basic problem this week has been the arrival of third quarter earnings and the non response,