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A Technical Prediction

08/19/2011

Warren Buffett once said he would rather be the broker than the partner of anybody who thinks they can predict the market.  That’s good advice!

Yesterday, John Bollinger, who is a highly respected market technician and developer of the Bollinger Bands, predicted we are now putting in the bottom of this bear market.  Also, Rick Santelli, CNBC expert on bond markets and intellectual firebrand of the Tea Party, predicted the bottom would be in August.

Of course, there are always plenty of pundits who predict the sky is falling, but Warren Buffett would not be their partner either.

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