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Larry Wachtel Quotes
«A quarter-point rate hike would send a message of steady as she goes.»
Author: Larry Wachtel
«There's nothing really to sink your teeth into next week, except for the possibility of a Santa Claus rally.»
Author: Larry Wachtel
«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.»
Author: Larry Wachtel
«The market is plagued by warnings. There have been over 500 negative preannouncements in the last four to five weeks,»
Author: Larry Wachtel
«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
«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