One day does not make a bull market and I don't think Oracle's going to turn us,
More Quotes from Jack Baker:
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 afternoonJack Baker
Considering everything going on, you'd think the market would be down a lot more than it is, so on balance, it's holding up pretty well.
Jack Baker
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.
Jack Baker
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.
Jack Baker
And J.P. Morgan, we all know the news there. Stock went down to 18 last week. I mean, J.P. Morgan is not going out of business, ... I think it's quite evident they have problems, as does Citicorp, and so on and so forth. But J.P. Morgan remains our top pick ... especially on the downside.
Jack Baker
I honestly don't see anything in the market's way, ... Earnings continue to be excellent. Inflation is obviously at bay from Mr. Greenspan's conference yesterday.
Jack Baker
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