Jack Baker Quotes on Economy
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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.
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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.
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The [economic] numbers are very benign. The economy in fact seems to be slowing a little bit. I know it's hard to read this week-to-week, month-to-month. But it does appear that it's slowing.