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.
More Quotes from Jack Baker:
It looks sloppy this morning. The fear factor is putting a lid on prices.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
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 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
In that time, Sibley didn't mince words. He supported the right to vote for women and the initiation of a graduated income tax. He was not going to be told what to think.
Jack Baker
People are feeling better. The perception of investors is that, if Dell and Cisco are correct, even though everybody knows that the fourth quarter is going to be terrible, the thought is this could be the tone of other corporations looking forward to 2002
Jack Baker
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First of all, anybody who has lasted 30 and went through the 60's is really a survivor.
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Business chief executive officers and their boards succumb to the pressures of the financial markets and their fears of takeovers and pour out their energies to produce quarterly earnings - at the expense of building their companies for the long term.
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