Quotations
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Larry Wachtel Quotes
«It is a media event and it will be a big deal, but I don't think that the money managers will go rushing into stocks just simply because we got to Dow 10,000,»
Author: Larry Wachtel
«so you can see how narrow (the rally) really is.»
Author: Larry Wachtel
«Confession may be good for the soul, but not on Wall Street. The negative pre-announcements that have been with us for the past two weeks has begun to accelerate with 21 confessions yesterday (Wednesday) and a handful this morning. This sets up some fear and trembling about the wide range of reports to come through most of July.»
Author: Larry Wachtel
«be the leaders for now.»
Author: Larry Wachtel
«'If it's just one,' that's the whole premise. That this is not the first in a series, this one isolated incident and then we're on to better things. This is a miscalculation.»
Author: Larry Wachtel
«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.»
Author: Larry Wachtel
«I'd be a selective buyer.»
Author: Larry Wachtel
«For Warner-Lambert shareholders, the danger is that Pfizer takes its marbles and goes home. But the potential reward is that you can get [the deal] for a higher price.»
Author: Larry Wachtel
«The highest bid always won.»
Author: Larry Wachtel
«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.»
Author: Larry Wachtel