Larry Wachtel Quarter Quotations

We're completing the first quarter now, but we're still getting data from the fourth quarter. This is old news. I fail to see what relevance this will have for the market today.

Second quarter is going to be excellent. Remember when the first quarter was reported in April, we had a 1,000-point gain in the Dow, and that was only a 10-percent (earnings) gain.

Once we get to April and the first quarter earnings are reported -- and I think they're going to be pretty good -- (that) could be helpful. I doubt if you'll get anything out of the Fed meeting.

A lot of the results yesterday have been a little disappointing. Microsoft had a decent quarter but was a little below expectations. It was the same with both Amazon and Coke.

The basic problem this week has been the arrival of third quarter earnings and the non response,

The two major hurdles continue to be oil and interest rates on the Treasuries. The market has demonstrated through the first quarter that we can snap back.