116 Quotes by Larry Wachtel

We have good earnings today, but there's just too much good economic news. We're increasing the likelihood of a rate hike in June. The data are coming in stronger than expected, so the Street is expecting another hike. The better the news, the more likely the Fed will tighten. It's a strange phenomenon that good news can be bad news.

The only thing that would shake me would be a fundamental change, if rates would rise dramatically to 7 percent, if the profit margin contraction continued, if the love affair by the public with mutual funds would cool off. The fact that the Dow is fluctuating more than it used to doesn't turn me on or turn me off.

The only thing that was positive today was that there was nothing negative, especially no lousy economic reports that we've had over the last four trading days. The summer doldrums have not appeared so far.

Translated, the Microsoft ruling was a major event, but it was so predictable as to have little immediate impact.

...There is no scientific way of determining where the Nasdaq bottom is...the money is flowing into safer havens.

We had a good day with surprising strength, but I need to see a follow-through tomorrow to believe it will stick.

We knew deep down there was some good news in the bottom line, but we were beginning to have our doubts.

What does Buffett know? He's only worth $18 billion. I think he has warned of this in the past. And, indeed, he's right on blue chips There has been a gravitation toward the cyclical stocks and away from the blue chips.

We're going through this pre-announcement period where all the gloom and all the doom and all the negative statements are being made.