Despite the selling, traders appeared fairly optimistic, many attributing the day's decline to investors pulling out profits after recent record session. I see the flow of funds still exceptionally favorable for the stock market, ... 8,000 is my number. We should be there in the next week or two.
More Quotes from Jack Baker:
He told Sibley that if he became a Republican again, 'we'll put you back in Congress.' That was said to him even as he was a Democrat serving in office.Jack Baker
Joseph Sibley was one of the premier historical figures of the oil region and his influence extended worldwide.
Jack Baker
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.
Jack Baker
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.
Jack Baker
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.
Jack Baker
It's like a vicious cycle. How the hell could you turn around and be a buyer with all of this stuff going on
Jack Baker
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