Jack Baker
Jack Baker
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.
continue stocks
Without earnings, price-to-earnings ratios will not keep up and stocks will continue to get sold,
although believe discount morgan pick quarter selling steep stuff top
We also like, believe it or not, Morgan Stanley, which is our top pick in the brokerage field, although they may have another quarter and some stuff to wade through. It's selling at a very steep discount to the group. It's our top pick,
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.
good market news problem seen though
The good news is the market has probably seen the lows. The problem is getting though (Dow) 10,000 on the upside.
front level next surprised three
Who's going to get in front of these guys? I wouldn't be surprised to see the Dow back up at the 10,000 level in the next three months.
load people stocks
One thing's for sure, people aren't going to load up on stocks going into tomorrow's speech.
brought events free might monarch paid park people thousands
One of the events was a free day at Monarch Park where Sibley brought in all the food, costing thousands of dollars. Plus, there might have been some people paid to vote.
concerned couple economy next people quarters slowing trouble until
I'm a little concerned about the next couple of quarters because the economy is slowing up more than most people think. It could be trouble ahead, but probably not until the end of the year.
along amount deep farm gained influence innovative local man river roots rural techniques worldwide
Sibley was a representative of rural Pennsylvania with roots deep in the local soil. His innovative techniques on his farm along the Allegheny River gained worldwide attention. This is a man who had a significant amount of influence from our area.
best brothers morgan stanley
Morgan Stanley with Lehman Brothers are also some of our best picks,
chance greenspan market people rally rate receive rise setting
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.
heading hit major russell sit types
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.