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Letter "J" » Jack Baker Quotes
«The good news is the market has probably seen the lows. The problem is getting though (Dow) 10,000 on the upside.»
«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.»
«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?»
«What is the compelling reason to buy stocks right now? There isn't one. If you're looking out six, 12, 18 months, there are some good ideas, but right now there's no incentive to buy,»
«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.»
«It was positive, but this kind of thing takes months to set right. What's changed since this morning? Nothing.»
«The guys who made the big bets the Fed would cut today were absolutely wrong.»
«It's very constructive, very positive. At least for the next few days, things could be good.»
«Who's going to get in front of these guys? I wouldn't be surprised to see the Dow back up at the 10,000 level in the next three months.»
«It looks sloppy this morning. The fear factor is putting a lid on prices.»