Larry Wachtel Managers Quotations

I don't know that money managers controlling billions of dollars are going to make major choices based on this minor development,

Today bonds rallied because of the softer new home sales, ... Yesterday, bonds fell because the purchasing managers report was too strong. Now we go to Friday and the non-farm payrolls, which is the main part of the economic reporting cycle, and if that number comes in too strong, the bonds get whacked again -- and so do the stocks.

Today bonds rallied because of the softer new home sales. Yesterday, bonds fell because the purchasing managers report was too strong. Now we go to Friday and the non-farm payrolls, which is the main part of the economic reporting cycle, and if that number comes in too strong, the bonds get whacked again -- and so do the stocks.

It is a media event and it will be a big deal, but I don't think that the money managers will go rushing into stocks just simply because we got to Dow 10,000,

There are many facets to the market. One facet has been that money managers have been willing to dip their toe in the water.

I don't think the money managers are going to go rushing into stocks just simply because we got to Dow 10,000.