87 ordspråk av Jack Baker

Jack Baker

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He said on the House floor that he was never a Populist, never a Prohibitionist, and that people were mistaken to think that. And he began to support the bills the (oil) monopolies wanted. The only thing that offset the change was that he was no longer involved because he had lost interest.

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.

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

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.

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.

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.

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.

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.

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

The biggest problem right now is sentiment. We've got to start wading through second-quarter results soon, and it's looking like they're going to be weaker than was previously expected. There's no incentive to buy.

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.

Until earnings and forecasts start turning around, we are going to stay stuck in this tight trading range. There is no incentive for buyers to get back in the market.

Tyco and WorldCom's comments soothe the market short-term, but it's a dead cat bounce. Things are too uncertain right now for markets to rally.

People seem to be coming to the realization that the economy might, in fact, pick up in the second half. I don't see any negatives in the near term to derail this market.

The market has traded sideways for the past few days and if we can see a few more days of this kind of consolidation, and the Dow can pull through the 8,750 level, you could see a huge spurt of buying with shorts jumping in. The Dow could easily hit 9,000.

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