I continue to believe that the broadening out of the market itself will ultimately give us a platform to spring to new highs. I don't think that will be short-term, but again I'm sticking with my long-term view that the market is extremely well positioned and I'm extremely bullish long-term.
More Quotes from Jack Baker:
The stock of course, in light of that news up 5 or 6 points this week, ... But we still like the stock a lot, and on any pullback we'd be a buyer.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
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
Jack Baker
If we're held hostage to this stuff on a daily basis, we're never going to get out of this rut, ... I've been very bearish, but I think it's time to start turning the corner a little bit. If you have guts and some staying power, I would put some money to work.
Jack Baker
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.
Jack Baker
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.
Jack Baker
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