Larry Wachtel
Encyclopedia
Larry Wachtel was a stock
, bonds
, and equities commentator on the New York City
metropolitan area radio. He added a populist flavor to his commentary on the stock market and spoke in a thick Brooklyn
accent.
He was Senior Vice President of Wachovia
Bank until 2005 and worked for Prudential
before Wachovia took it over.
Other quotes include:
“The Dow
is dopey, ... It gained 1,000 points since mid-April. That's impressive. If it falls 100 points, so be it.”
“Now, this day prior to the long weekend, I don't think we'll have the cavalry charge at the close today. But I think this has legs. I think it could drive forward to, say, Dow 8500.”
“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.”
Stock
The capital stock of a business entity represents the original capital paid into or invested in the business by its founders. It serves as a security for the creditors of a business since it cannot be withdrawn to the detriment of the creditors...
, bonds
Bond (finance)
In finance, a bond is a debt security, in which the authorized issuer owes the holders a debt and, depending on the terms of the bond, is obliged to pay interest to use and/or to repay the principal at a later date, termed maturity...
, and equities commentator on the New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
metropolitan area radio. He added a populist flavor to his commentary on the stock market and spoke in a thick Brooklyn
Brooklyn
Brooklyn is the most populous of New York City's five boroughs, with nearly 2.6 million residents, and the second-largest in area. Since 1896, Brooklyn has had the same boundaries as Kings County, which is now the most populous county in New York State and the second-most densely populated...
accent.
Career
His comments were heard on 1010 WINS radio three times each trading day from approximately 1972 until 2005.He was Senior Vice President of Wachovia
Wachovia
Wachovia was a diversified financial services company based in Charlotte, North Carolina. Before its acquisition by Wells Fargo in 2008, Wachovia was the fourth-largest bank holding company in the United States based on total assets...
Bank until 2005 and worked for Prudential
Prudential Financial
The Prudential Insurance Company of America , also known as Prudential Financial, Inc., is a Fortune Global 500 and Fortune 500 company whose subsidiaries provide insurance, investment management, and other financial products and services to both retail and institutional customers throughout the...
before Wachovia took it over.
Quotes
Wachtel was known for his sign off catchphrase "Gather those rosebuds".Other quotes include:
“The Dow
Dow Jones Industrial Average
The Dow Jones Industrial Average , also called the Industrial Average, the Dow Jones, the Dow 30, or simply the Dow, is a stock market index, and one of several indices created by Wall Street Journal editor and Dow Jones & Company co-founder Charles Dow...
is dopey, ... It gained 1,000 points since mid-April. That's impressive. If it falls 100 points, so be it.”
“Now, this day prior to the long weekend, I don't think we'll have the cavalry charge at the close today. But I think this has legs. I think it could drive forward to, say, Dow 8500.”
“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.”