Jack Baker
Jack Baker
air breath due fresh question relief today turn
It's a breath of fresh air today (Tuesday), a relief rally, but it's nothing fundamental, it's nothing that's going to turn us around. We've been down 7 out of 8 sessions so we were due for a rally. The question is will the sellers come in the afternoon?
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.
buy compelling good incentive looking reason stocks
What is the compelling reason to buy stocks right now? There isn't one. If you're looking out six, 12, 18 months, there are some good ideas, but right now there's no incentive to buy,
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.
bullish coming firmly numbers
As long as the numbers keep coming in as expected, I'll still be firmly planted in the bullish camp.
bad couple hundred lows market negative orderly points pushed
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.
bull market turn
One day does not make a bull market and I don't think Oracle's going to turn us.
again balance definitely earnings fourth interest maybe might next quarter rates sometime struggle third year
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.
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.
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Joseph Sibley was one of the premier historical figures of the oil region and his influence extended worldwide.
happened
I think it's positive, ... It should have happened a while ago.
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,