The weakness from Friday carried forward to the international markets and we could get a horrific open here today. The concerns stem from the rising rates structure and what we got on Friday was something of a good news, bad news syndrome.

Larry Wachtel

Related Quotes

The only thing that was positive today was that there was nothing negative, especially no lousy economic reports that we've had over the last four trading days. The summer doldrums have not appeared so far.

— Larry Wachtel

We got weakness in the Nasdaq today before some big earnings.

— Fergal Smith

We got the worst possible scenario today: no rate cut, but confirmation that there is weakness. However, I don't think anyone should be surprised by this.

It's a new bunch that we like, but I guess you could say that we've got one obvious weakness and that's experience at this level.

Rising long rates threaten the bellwether housing industry as well as consumer spending. The higher [bond] returns begin to compete with stocks for institutional affection.

— Larry Wachtel

BeginBondCompete