Larry Wachtel Money Quotations

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.

The popular indexes have managed to reach 4 1/2-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.

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

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.

...There is no scientific way of determining where the Nasdaq bottom is...the money is flowing into safer havens.

The mergers helped, but you also had some asset reallocation, with people taking money out of Treasurys and putting it into equities.

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