In the financial sector, which is one of our biggest…

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.

Unsourced

Other Jack Baker Quotes

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. - View Quote Details on Definitely third quarter earnings should be good, fourth quarter might…
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. - View Quote Details on Until earnings and forecasts start turning around, we are going…
I think we’re getting close to capitulation. - View Quote Details on I think we’re getting close to capitulation.
The [economic] numbers are very benign. The economy in fact seems to be slowing a little bit. I know it’s hard to read this week-to-week, month-to-month. But it does appear that it’s slowing. - View Quote Details on The [economic] numbers are very benign. The economy in fact…
The stock of course, in light of that news up 5 or 6 points this week,… But we still like the stock a lot, and on any pullback we’d be a buyer. - View Quote Details on The stock of course, in light of that news up…
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. - View Quote Details on People seem to be coming to the realization that the…
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. - View Quote Details on There’s going to be nervousness for the next few weeks…
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. - View Quote Details on I see the flow of funds still exceptionally favorable for…
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. - View Quote Details on I still think we’re heading higher. The long-term types like…
I’m not really happy with the volatility. What I am happy with is the market’s ability to rally after these sharp declines. - View Quote Details on I’m not really happy with the volatility. What I am…