FastSaying

There's a cautious backdrop (on Wall Street). We're heading to that glide path toward the Fed meeting. I think there has been a gravitation toward the cyclical stocks and away from the blue chips. And I think we'll continue to see movements into the papers and the metals.

Larry Wachtel

BackdropCautiousFedGlideHeadingMeetingPathStreetThinkWall

Related Quotes

I think that the S.E.C. has been pretty feckless when it comes to reigning in reckless behavior on Wall Street.
— Martin O'Malley
BeenBehaviorI Think
I think the Fed felt this was not the time to be cautious and conservative.
— Wayne Ayers
CautiousConservativeFed
I think the market has done quite well in what is supposed to be the worst month of the year, but at some point you're going to run into an overbought condition.
— Larry Wachtel
MarketMonthQuite
I don't think a lot of concerns have mounted regarding the Fed meeting.
— Eric Miller
ConcernsFedMeeting
I think we're in the twilight zone. You have the confessional period followed by the summer doldrums, so there really isn't anything that's going to spur it to the upside.
— Larry Wachtel
ConfessionalDoldrumsFollowed