Until earnings and forecasts start turning around, we are going…

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.

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Other Jack Baker Quotes

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. - View Quote Details on I think Greenspan is setting the market up for something…
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…
I think we’re getting close to capitulation. - View Quote Details on I think we’re getting close to capitulation.
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…
It’s like a vicious cycle. How the hell could you turn around and be a buyer with all of this stuff going on? - View Quote Details on It’s like a vicious cycle. How the hell could you…
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. - View Quote Details on In the financial sector, which is one of our biggest…
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…
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…
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…
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…