Larry Wachtel (born Lawrence Marvin Wachtel; July 2, 1930 – December 2, 2007) was a stock, bonds, and equities commentator on the New York City metropolitan area radio.[1][2] He added a populist flavor to his commentary on the stock market[3] and spoke in a thick Brooklyn accent.[3]
Career
editHis comments were heard on 1010 WINS radio three times each trading day from approximately 1972 until 2005.[1] He was Senior Vice President of Wachovia Bank until 2005[1] and worked for Prudential before Wachovia took it over.[1]
Quotes
editWachtel was known for his sign off catchphrase "Gather those rosebuds",[3] which was inscribed on his tombstone after he died.
Other quotes include: "The Dow is dopey, ... It gained 1,000 points since mid-April. That's impressive. If it falls 100 points, so be it."[4] "Now, this day prior to the long weekend, I don't think we'll have the cavalry charge at the close today. But I think this has legs. I think it could drive forward to, say, Dow 8500."[4] "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."[4]
References
edit- ^ a b c d "Larry Wachtel, Market Analyst, Is Dead at 77". New York Times. 4 December 2007. Retrieved April 4, 2010.
- ^ "Stock Market Analyst Larry Wachtel Dead". CBS News. December 3, 2007. Retrieved April 4, 2010.
- ^ a b c "Gather Those Rosebuds: Larry Wachtel Has Passed Away". FishbowlNY. December 3, 2007. Retrieved April 4, 2010.
- ^ a b c "Larry Wachtel quotes". thinkexist.com. Retrieved April 4, 2010.