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,
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.
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.
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.
answer figure somewhere
I can't figure it out, ... You've got to go somewhere else to find the answer to this.
community earnings economy investment money needs reports turn
If the economy has turned, as all these reports keep showing, the investment community needs to see earnings turn around too. There is still a lot of money on the sidelines.
attention congress farmers rather strong suit women
His strong suit was not Congress but rather his attention to farmers and women and families.
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.
buyers earnings forecasts incentive start stay stuck tight trading turning until
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.
cat comments dead market markets soothe uncertain
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.
hold positive
While the Dow has been fluctuating, it's positive that the Nasdaq has been able to hold on.