Jack Baker Quotes (44 Quotes)


    The good news is the market has probably seen the lows. The problem is getting though (Dow) 10,000 on the upside.

    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.

    (Sibley) was a devout Baptist and believed in having a strong moral fiber. He believed that if you are in government, you ought to take some stands alongside your religious convictions.

    After the run we've had this week, I think the action today Friday is fine.

    It's very quiet today Friday. There's not a lot out there that's too negative or positive. There's just no short-term compelling reason to buy stocks now. We're waiting for the upcoming earnings reporting period.


    I can't figure it out, ... You've got to go somewhere else to find the answer to this.

    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.

    The stock of course, in light of that news up 5 or 6 points this week, ... But we still like the stock a lot, and on any pullback we'd be a buyer.

    This is some orderly profit-taking in a market that is susceptible to bad news, but I wouldn't put it in a negative context. You have a market that's pushed 1,600 points off its lows recently, so a couple hundred points back down is not so bad.

    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.

    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.

    One day does not make a bull market and I don't think Oracle's going to turn us,

    It looks sloppy this morning. The fear factor is putting a lid on prices.

    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.

    Our alliance has taken a new approach that positions space ads as an internet marketing strategy.

    I'm not really happy with the volatility. What I am happy with is the market's ability to rally after these sharp declines.

    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.

    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.

    This is indiscriminate selling. It has nothing to do with fundamentals. Everybody has forgotten about the long term nobody is even looking past next week.

    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.

    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

    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.

    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.

    The political situation starts to cool a little, but then we get the Ashcroft news and the market freaks out.

    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.

    It was positive, but this kind of thing takes months to set right. What's changed since this morning Nothing.

    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.

    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.

    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.

    As long as the numbers keep coming in as expected, I'll still be firmly planted in the bullish camp.

    He told Sibley that if he became a Republican again, 'we'll put you back in Congress.' That was said to him even as he was a Democrat serving in office.

    The guys who made the big bets the Fed would cut today were absolutely wrong.

    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.

    They made a lot of money and Sibley got into agriculture - his first love - and began grafting, seed testing and raising horses. He created such a good stock of trotting horses and Jersey cattle that they would set records across the country. ... He had a great affection for that, which came from the soil.

    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.

    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.

    Cleveland backed the gold standard, which detractors believed hurt the farmers and small business owners. Sibley did not support that...(and) had the wherewithal to stand up in Congress and tell the president he was wrong.

    It's like a vicious cycle. How the hell could you turn around and be a buyer with all of this stuff going on

    Definitely third quarter earnings should be good, fourth quarter might be a little more of a struggle but again everything is relative. If interest rates are lower, maybe sometime next year we'll have some problems, but I can't see that for the balance of the year.

    His strong suit was not Congress but rather his attention to farmers and women and families.

    It's more of the same today. How can you step in front of this freight train How can you convince anyone to buy anything There are lower prices ahead and I don't know what's going to turn it.

    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.

    Joseph Sibley was one of the premier historical figures of the oil region and his influence extended worldwide.

    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


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