There's hardly anyone here and the market is highly susceptible to rumors and any other kind of news. At any given time, you could see a move in either direction of 100 points or more and it doesn't signal a change in direction.
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
The guys who made the big bets the Fed would cut today were absolutely wrong.
Jack Baker
Sibley was a representative of rural Pennsylvania with roots deep in the local soil. His innovative techniques on his farm along the Allegheny River gained worldwide attention. This is a man who had a significant amount of influence from our area.
Jack 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
It's like a vicious cycle. How the hell could you turn around and be a buyer with all of this stuff going on
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
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