116 Quotes by Larry Wachtel

The traders wanted 75 basis points (three-quarter percentage point) so they sold on the news. After the traders sold, investors stepped up to the plate (to sell).

The selling last week was so extreme, there had to be a snap back.

Tech is suffering from one big inventory overhang. It's going to take a long time to work through that.

So there's nothing to offset the economic news and stocks are muddling along. Until we get some surety about the economy or corporate earnings, we'll continue to have this drifting, dismal kind of day.

so you can see how narrow (the rally) really is.

Once we get to April and the first quarter earnings are reported -- and I think they're going to be pretty good -- (that) could be helpful. I doubt if you'll get anything out of the Fed meeting.

A quarter-point rate hike would send a message of steady as she goes.

The bull market only ends on a fundamental reason. It ends if inflation rises and rates rise. It ends if profits dive. It doesn't end because the Dow goes down on a random day based on program trading.

This is a way to dip your toe in the water without getting into deep vulnerability, so you're participating in the blue chips.