Jack Baker
Jack Baker
factor fear looks putting sloppy
It looks sloppy this morning. The fear factor is putting a lid on prices.
changed months since takes
It was positive, but this kind of thing takes months to set right. What's changed since this morning? Nothing.
absolutely bets cut fed guys today
The guys who made the big bets the Fed would cut today were absolutely wrong.
buying days easily few hit huge jumping market past pull shorts sideways traded
The market has traded sideways for the past few days and if we can see a few more days of this kind of consolidation, and the Dow can pull through the 8,750 level, you could see a huge spurt of buying with shorts jumping in. The Dow could easily hit 9,000.
fuel market positive recovery short
You've got the market in a new recovery high, which is very positive for the short term. But I don't know what's going to fuel it from here. I think this is a 'show-me' market.
evident last morgan news pick quite remains stock top
And J.P. Morgan, we all know the news there. Stock went down to $18 last week. I mean, J.P. Morgan is not going out of business, ... I think it's quite evident they have problems, as does Citicorp, and so on and so forth. But J.P. Morgan remains our top pick ... especially on the downside.
actions assuming economy everybody federal judging people rise slower sweet
I think we're in a corrective phase, but corrections are usually short, sweet and right to the point. I think that everybody is prematurely judging the Federal Reserve's actions by assuming there will be another rise in May. I think the economy is slower than people think.
picking start
If you are not in the stock, I'd start picking away at it.
people sit
If you're in and haven't done anything, I think long-term people should sit tight.
ability happy rally sharp
I'm not really happy with the volatility. What I am happy with is the market's ability to rally after these sharp declines.