They've got a huge amount of media coverage and their big message is that the current administration has messed up the economy, ... I think we'll chew sideways until we get through this feeling of negativity and then go back to the upside.
More Quotes from John Bollinger:
We're taking a lot of the people out of the market permanently. We're losing a whole generation of investors.John Bollinger
Peaks indicated times of intense speculation and troughs indicated times of low interest in the market, when speculation was not high on people's agenda.
John Bollinger
The seasonal patterns are very clear and they can be a good guide. 'Sell in May and go away' is generally correct, but not absolutely so.
John Bollinger
I put on some shorts going into the close, ... It seemed like a good idea -- the market had simply gone too far, too fast.
John Bollinger
It's important to pay attention to the broader market, but, frankly, it hasn't gone anyplace for the past six months and, if you take the longer view, it hasn't gone anyplace for the past six years. But within those years, there were tremendous opportunities within stocks, bonds, electronically traded funds, mutual funds of all sorts, currencies, precious metals and commodities, all of which investors could have taken advantage of.
John Bollinger
I think the rally has a while to go yet, maybe another few weeks, ... Then it's going to be choked off primarily by a valuation problem that people will not be able to dodge. Buying IBM at 30 times earnings -- that's very hard to do for most investors.
John Bollinger
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Theory is splendid but until put into practice, it is valueless.
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