116 Quotes by Larry Wachtel

All the sacred cows of one year ago are getting decimated.

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.

The market is plagued by warnings. There have been over 500 negative preannouncements in the last four to five weeks.

Negative guidance from Intel kicked off a new selling wave in beleaguered technology, while the February job figures turned out to be strong enough to raise some doubts about aggressive Federal Reserve ease.

The leadership of the marketplace moved out of techs and into quality stocks today.

Obviously, companies split when the stock price has gotten beyond the pocketbook of the average investor.

People will move along at an unhurried pace. No one is rushing to get in, and yet there are bargains around, so we're in this range-bound atmosphere.

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.

If we get any kind of word that we can avert military action, avoid a war, certainly that would be helpful.