Jack Baker
Jack Baker
economic economy fact fourth leading maybe next people pick quarter year
I think the (report on leading economic indicators) is much more important than people think. Maybe in the fourth quarter of this year and the first quarter of next year, the economy will in fact pick up.
few next
It's very constructive, very positive. At least for the next few days, things could be good.
everybody forgotten looking next nobody past
This is indiscriminate selling. It has nothing to do with fundamentals. Everybody has forgotten about the long term; nobody is even looking past next week.
concerned couple economy next people quarters slowing trouble until
I'm a little concerned about the next couple of quarters because the economy is slowing up more than most people think. It could be trouble ahead, but probably not until the end of the year.
ahead few historical moving next people perspective september sidelines tends worst
There's going to be nervousness for the next few weeks. From an historical perspective, September tends to be one of the worst months. In addition, you have a lot of people moving off to the sidelines ahead of September 11.
favorable flow funds next stock week
I see the flow of funds still exceptionally favorable for the stock market. 8,000 is my number. We should be there in the next week or two.
again balance definitely earnings fourth interest maybe might next quarter rates sometime struggle third year
Definitely third quarter earnings should be good, fourth quarter might be a little more of a struggle but again everything is relative. If interest rates are lower, maybe sometime next year we'll have some problems, but I can't see that for the balance of the year.
picking start
If you are not in the stock, I'd start picking away at it.
holding market
Considering everything going on, you'd think the market would be down a lot more than it is, so on balance, it's holding up pretty well.
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.
happened
I think it's positive, ... It should have happened a while ago.
coming economy near negatives people pick second seem term
People seem to be coming to the realization that the economy might, in fact, pick up in the second half. I don't see any negatives in the near term to derail this market.
backed believed business cleveland congress farmers gold hurt president small stand support
Cleveland backed the gold standard, which detractors believed hurt the farmers and small business owners. Sibley did not support that...(and) had the wherewithal to stand up in Congress and tell the president he was wrong.