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.
More Quotes from Larry Wachtel:
There are many facets to the market. One facet has been that money managers have been willing to dip their toe in the water.Larry Wachtel
This is a way to dip your toe in the water without getting into deep vulnerability, so you're participating in the blue chips.
Larry Wachtel
I don't know that money managers controlling billions of dollars are going to make major choices based on this minor development,
Larry Wachtel
The Microsoft delay has hurt the Nasdaq and will reverberate throughout all of technology. That will be today's big headline. We closed ragged yesterday, so we're going to have a tired market to start.
Larry Wachtel
The two major hurdles continue to be oil and interest rates on the Treasuries. The market has demonstrated through the first quarter that we can snap back.
Larry Wachtel
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Based on Topics: Confession Quotes, Fear Quotes, Morning Quotes, Past Quotes, Soul QuotesBased on Keywords: confessions, pre-announcements
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