The market finished sloppy yesterday and it rolled over into today. We've been resilient, though. We're coming to the end of the quarter, so there's a lot of speculation popping up as to what earnings are going to look like.
More Quotes from Larry Wachtel:
There were a couple of one-shot deals in the PPI -- auto prices and tobacco prices. If you took those two items out, the core rate was up 0.1. That's the reason why the markets have come back a little. I've analyzed the numbers and realized that this is not inflation out of control.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
Getting back to inflation, it is important to note that the producer price Index does not reflect wage pressures -- and that is where the inflation threat really lies.
Larry Wachtel
However, the history of the stock market is that everyone sells into the strength. So I'll be taking it one hour at a time. I'm in a show-me mood today.
Larry Wachtel
Cisco reports earnings tomorrow (Tuesday) and certainly that stock is at a price where there may be a split.
Larry Wachtel
A lot of the results yesterday have been a little disappointing. Microsoft had a decent quarter but was a little below expectations. It was the same with both Amazon and Coke.
Larry Wachtel
Readers Who Like This Quotation Also Like:
I can't say I want to earn a particular award or sell a certain number of records, because even if I do that, the satisfaction only lasts five minutes.Chantal Kreviazuk
Aloneness is nearer God, nearer reality.
Gwen John
For me to go back and to play for audiences some of whom have been following me for thirty years and some who have found me in the last five or six years, that's really an interesting thing. I have an audience that goes from kids to seventy year olds.
David Cassidy