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Letter "J" » Jack Baker Quotes
«This is some orderly profit-taking in a market that is susceptible to bad news, but I wouldn't put it in a negative context. You have a market that's pushed 1,600 points off its lows recently, so a couple hundred points back down is not so bad.»
Author: Jack Baker
«Until earnings and forecasts start turning around, we are going to stay stuck in this tight trading range. There is no incentive for buyers to get back in the market.»
Author: Jack Baker
«Tyco and WorldCom's comments soothe the market short-term, but it's a dead cat bounce. Things are too uncertain right now for markets to rally.»
Author: Jack Baker
«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.»
Author: Jack Baker
«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.»
Author: Jack Baker
«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.»
Author: Jack Baker
«It's like a vicious cycle. How the hell could you turn around and be a buyer with all of this stuff going on?»
Author: Jack Baker
«In the financial sector, which is one of our biggest areas, in the regional banks, the large money center regional banks, Wells Fargo is still our top pick, ... The stock looks very cheap, [and] hasn't come down that much, which I think indicates how strong they are.»
Author: Jack Baker
«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,»
Author: Jack Baker
«I think we're getting close to capitulation.»
Author: Jack Baker

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