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.
More Quotes from 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
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
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
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
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.
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
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Man has no right to kill his brother. It is no excuse that he does so in uniform: he only adds the infamy of servitude to the crime of murder.
Percy Bysshe Shelley
The Methodists love your big sinners, as proper subjects to work upon.
Horace Walpole
But, my dear sirs, when peace does come, you may call on me for any thing. Then will I share with you the last cracker, and watch with you to shield your homes and families against danger from every quarter.
William Tecumseh Sherman