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.
More Quotes from Larry Wachtel:
Tech is suffering from one big inventory overhang. It's going to take a long time to work through that.Larry Wachtel
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,
Larry Wachtel
We are in a bit of a vacuum with the long three-day weekend coming up. Tomorrow will be a vacuum kind of day.
Larry Wachtel
Now, this day prior to the long weekend, I don't think we'll have the cavalry charge at the close today. But I think this has legs. I think it could drive forward to, say, Dow 8500,
Larry Wachtel
We knew deep down there was some good news in the bottom line, but we were beginning to have our doubts.
Larry Wachtel
It was a very gratifying day. But I'd like to see some follow-through tomorrow (Tuesday).
Larry Wachtel
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Based on Topics: Economics QuotesBased on Keywords: muddling, surety
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