116 Quotes by Larry Wachtel

Rising rates won't hurt the new techies, but they might impact the 'old economy' customers.

Suddenly these inflation figures have a psychological impact.

It doesn't tell you anything in terms of the fundamentals. I think there will be a bet made tomorrow (Tuesday) and early Wednesday that the Fed goes 50 basis points (a half-percentage point). If it pays off, I think there will be a trading flurry.

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.

We are in a bit of a vacuum with the long three-day weekend coming up. Tomorrow will be a vacuum kind of day.

When you see this kind of quick move, that's a mechanical sell program from one of the brokerages.

Tomorrow (Tuesday) we get numbers on industrial production and housing and big reports from Intel, Coke, Johnson & Johnson -- maybe that can turn us around.

There are many facets to the market. One facet has been that money managers have been willing to dip their toe in the water.

We've been down for six weeks on the S&P 500, and if you stretch a rubber band enough, it's going to snap back, ... The question is 'is this a head fake or will it continue?'