116 Quotes by 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.

We're completing the first quarter now, but we're still getting data from the fourth quarter. This is old news. I fail to see what relevance this will have for the market today.

The Dow is dopey, ... It gained 1,000 points since mid-April. That's impressive. If it falls 100 points, so be it.

Low-end consumers, the ones that spend every penny of their paycheck, are really hurting with these gasoline prices.

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.

Second quarter is going to be excellent. Remember when the first quarter was reported in April, we had a 1,000-point gain in the Dow, and that was only a 10-percent (earnings) gain.

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.

The fundamentals have undercut any efforts for the market to rally on Iraq news,

So far the earnings season is kind of a mixed bag. It's not the catalyst that everyone was expecting it to be. Nokia was disappointing, Apple was positive and Citigroup is in the middle. We're still waiting for IBM,