Cisco reports earnings tomorrow (Tuesday) and certainly that stock is at a price where there may be a split.
More Quotes from Larry Wachtel:
It doesn't tell you anything in terms of the fundamentals. I think there will be a bet made tomorrow (Tuesday) and early Wednesday that the Fed goes 50 basis points (a half-percentage point). If it pays off, I think there will be a trading flurry.Larry Wachtel
We had a good day with surprising strength, but I need to see a follow-through tomorrow to believe it will stick.
Larry Wachtel
It was a very gratifying day. But I'd like to see some follow-through tomorrow (Tuesday).
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
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
The weakness from Friday carried forward to the international markets and we could get a horrific open here today. The concerns stem from the rising rates structure and what we got on Friday was something of a good news, bad news syndrome.
Larry Wachtel
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