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
More Quotes from Jack Baker:
They tried to mount a rally on hopes that a delay in the Iraq deadline would help, but I don't see how it would. This war is going to happen. It's just a matter of when. The deepness of the problem with the stock market right now is much more rooted in the economy and fundamentals than anything else.Jack Baker
Major corporations projecting a turnaround bodes well for the overall market, as it implies that less-tested companies will probably follow suit. In addition, despite the political squabbling, the economic stimulus news and the leading indicators were a turning point. People now perceive that the economy will turn.
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
If the economy has turned, as all these reports keep showing, the investment community needs to see earnings turn around too. There is still a lot of money on the sidelines.
Jack Baker
As long as the numbers keep coming in as expected, I'll still be firmly planted in the bullish camp.
Jack Baker
It's very quiet today Friday. There's not a lot out there that's too negative or positive. There's just no short-term compelling reason to buy stocks now. We're waiting for the upcoming earnings reporting period.
Jack Baker
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