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.
More Quotes from Larry Wachtel:
When we arrive on Monday, we may or may not know the full extent of Hurricane Rita. The stock market can attempt to discount what is discernible, but when it comes to acts of nature, it can only make assumptions.Larry Wachtel
Attention will be focused on the statement that follows the 215 p. m. ET rate announcement, as it will give us a better indication on the Fed's future course of action. Noteworthy is that the tendency has been for the market to rally ahead of the Fed meeting and to sell-on-the-news after the announcement, ... While the market is advancing, it is on light volume due to this being a Monday in the slow month of August in front of tomorrow's economic policy uncertainty.
Larry Wachtel
This is the first day of the month, you may have seen some end-of-the-month portfolio selling dissipating, ... And this is the day that Microsoft is distributing 33 billion in cash, so there is some anticipation of that finding its way back to the market.
Larry Wachtel
Tech is suffering from one big inventory overhang. It's going to take a long time to work through that.
Larry Wachtel
Cisco reports earnings tomorrow (Tuesday) and certainly that stock is at a price where there may be a split.
Larry Wachtel
Readers Who Like This Quotation Also Like:
Based on Topics: Lies & Deceit QuotesMy old teacher's definition of poetry is an attempt to understand.
Thom Gunn
From the beginning, I wanted to make dance music with a human element to it.
Beth Orton
Man needs his difficulties because they are necessary to enjoy success.
Abdul Kalam