Jack Baker
Jack Baker
market points positive vacation
I think it's very positive that the market was down more than 100 points and has come back, but this is essentially a vacation week,
hold positive
While the Dow has been fluctuating, it's positive that the Nasdaq has been able to hold on.
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.
happened
I think it's positive, ... It should have happened a while ago.
cuts earlier feeding rate start
I think we are going to have two more rate cuts and the earlier rate cuts are going to start feeding in the market.
continue enthusiasm people point underlying wave
I think there is an underlying wave of enthusiasm in the market. The thing that people continue to point to is inflation, but I still do not see it. I don't see a lot of short-term negatives.
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.
everybody feeling forward fourth investors knows looking people perception quarter though tone
People are feeling better. The perception of investors is that, if Dell and Cisco are correct, even though everybody knows that the fourth quarter is going to be terrible, the thought is this could be the tone of other corporations looking forward to 2002.
chance greenspan market people rally rate receive rise setting
I think Greenspan is setting the market up for something much more palatable. If you get the Dow back to 6,500 or 6,600, and you take that real speculation out of the marketplace, people are going to receive the rate rise better. I think the market has a chance to rally after that.
heading hit major russell sit types
I still think we're heading higher. The long-term types like me should sit tight. I don't really see any major problems. The only thing I don't like, of course, is still the narrowness of the advance. But, on the other hand, the Russell hit another high.
below calling clouds falling lows october people possibly start test
There are so many clouds over the market. I don't see any short-term way out of this mess. Some people are calling for not only a test of the October lows, but for possibly falling below the October lows once we start shooting.
extended figures historical influence joseph oil premier region
Joseph Sibley was one of the premier historical figures of the oil region and his influence extended worldwide.
continue stocks
Without earnings, price-to-earnings ratios will not keep up and stocks will continue to get sold,
although believe discount morgan pick quarter selling steep stuff top
We also like, believe it or not, Morgan Stanley, which is our top pick in the brokerage field, although they may have another quarter and some stuff to wade through. It's selling at a very steep discount to the group. It's our top pick,