8 Jack Baker Quotes on Finance

Jack Baker quotes on finance

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

2. 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.

3. It's like a vicious cycle. How the hell could you turn around and be a buyer with all of this stuff going on?

4. 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.

5. 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.

7. In the financial sector, which is one of our biggest areas, in the regional banks, the large money center regional banks, Wells Fargo is still our top pick, ... The stock looks very cheap, [and] hasn't come down that much, which I think indicates how strong they are.

8. I think we're getting close to capitulation.

12. 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.