Larry Wachtel Negative Quotations

Negative guidance from Intel kicked off a new selling wave in beleaguered technology, while the February job figures turned out to be strong enough to raise some doubts about aggressive Federal Reserve ease.

Confession may be good for the soul, but not on Wall Street. The negative pre-announcements that have been with us for the past two weeks has begun to accelerate with 21 confessions yesterday (Wednesday) and a handful this morning. This sets up some fear and trembling about the wide range of reports to come through most of July.

We're going through this pre-announcement period where all the gloom and all the doom and all the negative statements are being made.

It's been a slightly negative day, but after three good days and three good months, I fail to see how this is going to be a significant problem. It's just a breather today.

The market is plagued by warnings. There have been over 500 negative preannouncements in the last four to five weeks.