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Larry Wachtel Quotes

«The leadership of the marketplace moved out of techs and into quality stocks today.»
Author: Larry Wachtel
«The Dow is dopey. It gained 1,000 points since mid-April. That's impressive. If it falls 100 points, so be it.»
Author: Larry Wachtel
«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.»
Author: Larry Wachtel
«Now, this day prior to the long weekend, I don't think we'll have the cavalry charge at the close today. But I think this has legs. I think it could drive forward to, say, Dow 8500.»
Author: Larry Wachtel
«The market is extremely overbought.»
Author: Larry Wachtel
«Cyclical stocks are helping the Dow today. Morgan Stanley upgraded some chemical stocks and that's giving cyclical stocks -- paper, chemicals -- a boost.»
Author: Larry Wachtel
«Today bonds rallied because of the softer new home sales. Yesterday, bonds fell because the purchasing managers report was too strong. Now we go to Friday and the non-farm payrolls, which is the main part of the economic reporting cycle, and if that number comes in too strong, the bonds get whacked again -- and so do the stocks.»
Author: Larry Wachtel
«Rising rates won't hurt the new techies, but they might impact the 'old economy' customers.»
Author: Larry Wachtel
«The abbreviated week will bring with it a rash of economic numbers, culminating in the May job figures on Friday. The Street would like to see some signs of a slowing economic pace so as to assuage the inflation junkies on the Federal Reserve.»
Author: Larry Wachtel
«The two biggies after the close (Tuesday) -- Microsoft and Intel -- were OK but certainly not a market turn-on.»
Author: Larry Wachtel

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