The only thing that was positive today was that there was nothing negative, especially no lousy economic reports that we've had over the last four trading days. The summer doldrums have not appeared so far.
More Quotes from Larry Wachtel:
The earnings numbers are still respectable, but they are softening. The psychology is that you can't make projections about future earnings without having some sense about where the price of oil is going and what the consumer will do.Larry Wachtel
Obviously, companies split when the stock price has gotten beyond the pocketbook of the average investor.
Larry Wachtel
The abbreviated week will bring with it a rash of economic numbers, culminating in the May job figures on Friday. The Street would like to see some signs of a slowing economic pace so as to assuage the inflation junkies on the Federal Reserve.
Larry Wachtel
So far the earnings season is kind of a mixed bag. It's not the catalyst that everyone was expecting it to be. Nokia was disappointing, Apple was positive and Citigroup is in the middle. We're still waiting for IBM,
Larry Wachtel
Suddenly these inflation figures have a psychological impact.
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.
Larry Wachtel
Readers Who Like This Quotation Also Like:
Based on Topics: Summer QuotesIf you watch young children play, you will notice that they create games, characters, situations, whole worlds in which they immerse themselves with intense concentration.
Daniel Greenberg
It suddenly struck me that that tiny pea, pretty and blue, was the Earth. I put up my thumb and shut one eye, and my thumb blotted out the planet Earth. I didn't feel like a giant. I felt very, very small.
Neil Armstrong
If your only objective is to be popular, you're going to be popular but you will be known as the Prime Minister who achieved nothing.
Brian Mulroney