Jack Baker Quotations

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.

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.

Morgan Stanley with Lehman Brothers are also some of our best picks,

One thing's for sure, people aren't going to load up on stocks going into tomorrow's speech.

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.

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.

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

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.

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

There are so many clouds over the market. I don't see any short-term way out of this mess. Some people are calling for not only a test of the October lows, but for possibly falling below the October lows once we start shooting.

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

I think it's positive, ... It should have happened a while ago.

I think it's very positive that the market was down more than 100 points and has come back, but this is essentially a vacation week,

I think we are going to have two more rate cuts and the earlier rate cuts are going to start feeding in the market.

I think we're in a corrective phase, but corrections are usually short, sweet and right to the point. I think that everybody is prematurely judging the Federal Reserve's actions by assuming there will be another rise in May. I think the economy is slower than people think.

I think there is an underlying wave of enthusiasm in the market. The thing that people continue to point to is inflation, but I still do not see it. I don't see a lot of short-term negatives.

I think the (report on leading economic indicators) is much more important than people think. Maybe in the fourth quarter of this year and the first quarter of next year, the economy will in fact pick up.

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.

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.

Every headline minute-to-minute dictates what the market is going to do. I think there are going to be more torturous, slow days.

As the market continues to go up, people are going to get more bullish.

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.

There's nothing fundamental going on in our market, ... Anything that happens in the market these days has to come out of left field. And this is out of left field.

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.

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.

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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.

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

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.

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

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.

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?

It's very constructive, very positive. At least for the next few days, things could be good.

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.

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

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.

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.

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

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.

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.

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

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.

If you are not in the stock, I'd start picking away at it.

If you're in and haven't done anything, I think long-term people should sit tight.

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.

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.

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.

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.

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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.

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.

He built that program up to where it is now. He did a great job there, and I'm sure he'll do a great job at Hampton.

For the most part, if they are nonindigenous to the state and they're not endangered or threatened, they're not regulated, ... Most of it is going to fall between the cracks. If it's not indigenous to the state, then it's up to the county or the city to invoke ordinances.

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

You've got the market in a new recovery high, which is very positive for the short term. But I don't know what's going to fuel it from here. I think this is a 'show-me' market.

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.

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.