Mark Haines, CNBC anchor with Erin Burnett, was on CNBC this morning, 3/10/09, and gave comments and stock market predictions. Mark Haines has called , " The Stock Market Bottom " due to various indicators he follows. I guess we are calling this the " Haines Bottom. "
Mark Haines says that the Dow Jones is off 67% of the 200 day moving average and he thinks this is a great place for the market to rally and form a bottom. Haines hasn't called a bottom until today and he feels strongly about his call.
As for Erin Burnett, she seems skeptical about the great Legend Mark Haines calling the bottom for stocks in March of 2009.
Only time will tell! Citigroup is helping Mark out today however!
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