Exactly 4 Years Ago, Late CNBC Host Mark Haines Called the Bottom
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Exactly 4 Years Ago, Late CNBC Host Mark Haines Called the Bottom
Posted by NC_Tigah on 3/8 at 7:20 pm
quote:

Exactly 4 Years Ago, Late CNBC Host Mark Haines Made One Of The Greatest Stock Calls Of All Time
Joe Weisenthal | Mar. 8, 2013, 10:11 AM | 10,007 | 25

We remember this vividly.
Late CNBCer Mark Haines made one of the greatest stock calls of all time, establishing the legendary "Haines Bottom." (Technically it wasn't four years ago today, because this year March 10 falls on a weekend, but you get the point.)



LINK




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Posted by C on 3/8 at 7:49 pm to NC_Tigah
If that was really the only time he said that, that's pretty damn awesome.


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Posted by jimbeam on 3/8 at 7:56 pm to C



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Posted by fatboydave on 3/8 at 9:13 pm to jimbeam
I liked himon squack box


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Posted by CajunAngele on 3/9 at 7:10 am to fatboydave
The Last Time The Dow Was Here... | Zero Hedge



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Posted by barry on 3/9 at 3:02 pm to CajunAngele
Someone was calling the bottom every day, someone was gonna be right


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Posted by kingbob on 3/9 at 6:07 pm to barry
I believe this to be a temporary bubble that is absolutely assured to pop. However, I have no idea when.


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Posted by matthew25 on 3/10 at 4:45 am to kingbob
Food for thought from another blog:

"If you had invested in the Dow in 2007 it's true that you would be even after 5 yrs of no gain, but if you had invested in some of the individual Dow stocks you would still be under water. Boeing was 100, now 78; Bank of America was 55, now 12; Alcoa was 55, now 8; GM was 40, then went bankrupt, was 42, now 36; HP was 55, now 20; GE was 42, now 23; Microsoft was 38, now 28 , Merck was 63, now 43. That's only some of the pain suffered by people who stayed with their stocks. Washington Mutual went bankrupt......you could go on and show how the market was manipulated. Nobody knows how many billions were lost by individual investors who held onto their stocks."

Yep, I have GE, BAC, and Merck. Maybe they will come back.



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Posted by NC_Tigah on 3/10 at 5:49 pm to matthew25
quote:

Washington Mutual went bankrupt......you could go on and show how the market was manipulated
HP, GE, Merck, etc. were manipulated?



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Posted by notiger1997 on 3/10 at 6:05 pm to matthew25
Damn, are you telling me that all stocks aren't winners?




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Posted by jso0003 on 3/10 at 6:29 pm to kingbob
quote:

I believe this to be a temporary bubble that is absolutely assured to pop. However, I have no idea when.


Brilliant analysis



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Posted by matthew25 on 3/11 at 11:14 am to NC_Tigah
I can understand the "manipulation" of banks/financial sector. GE was in that category; and GM lost out b/c no one could get credit to purchase, plus huge entitlement costs to unions.

But drugs and computers???



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