Jack Baker
Jack Baker
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,
ahead anyone buy convince front lower prices step turn
It's more of the same today. How can you step in front of this freight train? How can you convince anyone to buy anything? There are lower prices ahead and I don't know what's going to turn it.
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.
buying days easily few hit huge jumping market past pull shorts sideways traded
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.
biggest incentive looking problem results start weaker
The biggest problem right now is sentiment. We've got to start wading through second-quarter results soon, and it's looking like they're going to be weaker than was previously expected. There's no incentive to buy.
everybody forgotten looking next nobody past
This is indiscriminate selling. It has nothing to do with fundamentals. Everybody has forgotten about the long term; nobody is even looking past next week.
ability happy rally sharp
I'm not really happy with the volatility. What I am happy with is the market's ability to rally after these sharp declines.
chance clouds market near saying sell
I keep saying it -- sell these rallies, ... There are too many clouds out there. There's no chance for this market in the near term. It makes no sense to make new commitments.
changed months since takes
It was positive, but this kind of thing takes months to set right. What's changed since this morning? Nothing.
across affection began came cattle created good great horses jersey love money raising records seed stock testing
They made a lot of money and Sibley got into agriculture - his first love - and began grafting, seed testing and raising horses. He created such a good stock of trotting horses and Jersey cattle that they would set records across the country. ...He had a great affection for that, which came from the soil.
dictates headline market slow
Every headline minute-to-minute dictates what the market is going to do. I think there are going to be more torturous, slow days.
continues market people
As the market continues to go up, people are going to get more bullish.
anyone change direction either given hardly highly market move points rumors signal
There's hardly anyone here and the market is highly susceptible to rumors and any other kind of news. At any given time, you could see a move in either direction of 100 points or more and it doesn't signal a change in direction.
ahead few historical moving next people perspective september sidelines tends worst
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.