Larry Wachtel Quotes
We have good earnings today, but there's just too much good economic news. We're increasing the likelihood of a rate hike in June. The data are coming in stronger than expected, so the Street is expecting another hike. The better the news, the more likely the Fed will tighten. It's a strange phenomenon that good news can be bad news. 
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'If it's just one,' that's the whole premise. That this is not the first in a series, this one isolated incident and then we're on to better things. This is a miscalculation.
- Larry Wachtel
The popular indexes have managed to reach 4-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