Jack Baker Market Quotations

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 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.

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.

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 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.

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

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.

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 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.

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.

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.

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.