Larry Wachtel (born ''Lawrence Marvin Wachtel''; July 2, 1930 – December 2, 2007) was a

stock In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company ...

, bonds, and equities commentator on the

New York City New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...

metropolitan area radio. He added a populist flavor to his commentary on the stock market and spoke in a thick

Brooklyn Brooklyn () is a borough of New York City, coextensive with Kings County, in the U.S. state of New York. Kings County is the most populous county in the State of New York, and the second-most densely populated county in the United States, be ...

accent.

Career

His comments were heard on 1010 WINS radio three times each trading day from approximately 1972 until 2005. He was Senior Vice President of

Wachovia Wachovia was a diversified financial services company based in Charlotte, North Carolina. Before its acquisition by Wells Fargo and Company in 2008, Wachovia was the fourth-largest bank holding company in the United States, based on total asset ...

Bank until 2005 and worked for Prudential before Wachovia took it over.

Quotes

Wachtel was known for his sign off

catchphrase A catchphrase (alternatively spelled catch phrase) is a phrase or expression recognized by its repeated utterance. Such phrases often originate in popular culture and in the arts, and typically spread through word of mouth and a variety of mass ...

"Gather those rosebuds", which was inscribed on his tombstone after he died. Other quotes include: "The

Dow Dow or DOW may refer to: Business * Dow Jones Industrial Average, or simply the Dow, a stock market index * Dow Inc., an American commodity chemical company ** Dow Chemical Company, a subsidiary, an American multinational chemical corporation ...

is dopey, ... It gained 1,000 points since mid-April. That's impressive. If it falls 100 points, so be it." "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." "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."

References

{{DEFAULTSORT:Wachtel, Larry 1930 births 2007 deaths American bankers American radio personalities People from Brooklyn Burials at Beth David Cemetery