116 Quotes by Larry Wachtel

This is the first day of the month, you may have seen some end-of-the-month portfolio selling dissipating, ... And this is the day that Microsoft is distributing $33 billion in cash, so there is some anticipation of that finding its way back to the market.

This is par for the course. All you've got to do is breath heavy and you get the Dow plus or minus 90 points.

The weakness from Friday carried forward to the international markets and we could get a horrific open here today. The concerns stem from the rising rates structure and what we got on Friday was something of a good news, bad news syndrome.

They were destined to be disappointing. One, the weather was against you and we have a cautious consumer.

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.

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.

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.

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.

It was a very gratifying day. But I'd like to see some follow-through tomorrow (Tuesday).