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.
More Quotes from Larry Wachtel:
The popular indexes have managed to reach 4 12-year highs, while small and midsize indexes flirt with all-time highs. The lack of sustainability is likely due to the senior citizen status of the bull market, now in its 41st month. The restless rotation is keeping hope alive with money shifting from energy stocks to home building to technology to financials.Larry Wachtel
Earnings statements will make or break the market this week. I'll be watching the reports coming from some of the technology names, because I think that sector may lead the way this year.
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
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.
Larry Wachtel
If we get any kind of word that we can avert military action, avoid a war, certainly that would be helpful.
Larry Wachtel
They were destined to be disappointing. One, the weather was against you and we have a cautious consumer.
Larry Wachtel
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Based on Topics: Reasoning Quotes, Trading QuotesI don't expect you'll hear me writing any poems to the greater glory of Ronald and Nancy Reagan.
Robert Penn Warren
Similarly, thought is a system. That system not only includes thought and feelings, but it includes the state of the body; it includes the whole of society - as thought is passing back and forth between people in a process by which thought evolved from ancient times.
David Bohm
I couldn't wait for success, so I went ahead without it.
Jonathan Winters