66 Quotes by Jack Baker

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.

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.

While the Dow has been fluctuating, it's positive that the Nasdaq has been able to hold on.

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.

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,

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.

We also like, believe it or not, Morgan Stanley, which is our top pick in the brokerage field, although they may have another quarter and some stuff to wade through. It's selling at a very steep discount to the group. It's our top pick,

Without earnings, price-to-earnings ratios will not keep up and stocks will continue to get sold,

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