Exactly 4 Years Ago, Late CNBC Host Mark Haines Called the Bottom | TigerDroppings.com
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NC_Tigah
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Member since Sep 2003
57025 posts

Exactly 4 Years Ago, Late CNBC Host Mark Haines Called the Bottom

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.)

Image: https://pbs.twimg.com/media/BE18FF3CQAEe09R.jpg


LINK




C
LSU Fan
The Woodlands, TX
Member since Dec 2007
22800 posts

re: Exactly 4 Years Ago, Late CNBC Host Mark Haines Called the Bottom
If that was really the only time he said that, that's pretty damn awesome.


jimbeam
USA Fan
University of LSU
Member since Oct 2011
36704 posts

re: Exactly 4 Years Ago, Late CNBC Host Mark Haines Called the Bottom


fatboydave
LSU Fan
Fat boy land
Member since Aug 2004
7570 posts

re: Exactly 4 Years Ago, Late CNBC Host Mark Haines Called the Bottom
I liked himon squack box


CajunAngele
LSU Fan
Member since Oct 2012
16034 posts

re: Exactly 4 Years Ago, Late CNBC Host Mark Haines Called the Bottom


barry
Cincinnati Fan
Location, Location, Location
Member since Aug 2006
40040 posts

re: Exactly 4 Years Ago, Late CNBC Host Mark Haines Called the Bottom
Someone was calling the bottom every day, someone was gonna be right


kingbob
LSU Fan
St. Amant, LA
Member since Nov 2010
23431 posts

re: Exactly 4 Years Ago, Late CNBC Host Mark Haines Called the Bottom
I believe this to be a temporary bubble that is absolutely assured to pop. However, I have no idea when.


matthew25
Ole Miss Fan
Member since Jun 2012
3907 posts

re: Exactly 4 Years Ago, Late CNBC Host Mark Haines Called the Bottom
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.


NC_Tigah
LSU Fan
Member since Sep 2003
57025 posts

re: Exactly 4 Years Ago, Late CNBC Host Mark Haines Called the Bottom
quote:

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


notiger1997
Member since May 2009
25183 posts

re: Exactly 4 Years Ago, Late CNBC Host Mark Haines Called the Bottom
Damn, are you telling me that all stocks aren't winners?



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jso0003
Auburn Fan
Birmingham/Atlanta
Member since Jun 2009
5168 posts

re: Exactly 4 Years Ago, Late CNBC Host Mark Haines Called the Bottom
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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matthew25
Ole Miss Fan
Member since Jun 2012
3907 posts

re: Exactly 4 Years Ago, Late CNBC Host Mark Haines Called the Bottom
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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