Friday, March 9, 2012

Mark Haines Called The Bottom: Three Years Later

Mark Haines, the brilliant CNBC host, passed away last year.  My favorite memory of him, and one of my favorite moments in CNBC history, was his bottom call in the market to the day three years ago.  While experts came on the show day after day and week after week calling a bottom at every market rally, this was Mark's first time making the call.

It also came at a time when literally everyone thought the market was going lower.  The pessimism in the market that week compared to the optimism in the market today is so incredible that it is almost beyond belief. Erin's comment sums it up best saying that "even if the market bounces for just one day" it would be a great call.  Today any down day is just a blip in the radar for a market "guaranteed" to go higher.

 

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