The political situation starts to cool a little, but then we get the Ashcroft news and the market freaks out.
More Quotes from Jack Baker:
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.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
It looks sloppy this morning. The fear factor is putting a lid on prices.
Jack Baker
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.
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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