John Bollinger Quotations

We're in a long-term sideways type of market, a consolidation market, typified by alternating cyclical bull and bear markets lasting a year or two each,

With today's dips and testing of the July lows we might find a sustainable low here, but only if the information picture for investors changes, ... I don't see that happening anytime soon.

We're still in a position where stocks are too widely owned, ... and the people that own them own too much.

The psychology that led to the decline has been digested.

I would have thought that with the negative tenor of the news -- economic and geopolitical -- more damage would be done, ... That suggests to me the market is in a constructive mode.

What worries me is that we haven't really seen a sign of strength, a point where the bears are overpowered by the bulls and throw in the towel, ... That would indicate a dramatic shift -- essentially the breaking of the camel's back.

The pain level is as severe as anything the market has ever inflicted on investors before,

Greenspan is often chided for those comments but looking back they seemed very timely,

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.

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.

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.

Part of the reason the January barometer works so well is a statistical faux pas. It uses January to predict the year, not the following 11 months.

People have been punished, punished badly. I don't think they're going to come in.

Typically, in the year of an election, 'Sell in May and go away' doesn't hold very well,

Today's swings reflected uncertainty at the end of a week in which investors were pelted by wildly conflicting news on both earnings and the economy, ... Every good report this week has met with a bad report. Yes, the market is trying to establish a bottom but it's not a done deal yet.

The problem remains uncertainty on the part of investors.

We're taking a lot of the people out of the market permanently. We're losing a whole generation of investors.

Current market action is unconvincing. Volume is simply far too low for confidence.

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.

The stock market has been going sideways for a very long time now, and it looks to me like it will continue to do so.

These massive market consolidations are caused by massive overvaluation. What happens is the market pauses and waits for earnings to catch up. It does that by going sideways.

Technical analysis works precisely because people look at it. And if people care, I care.

The mutual fund scandal is a bigger deal than anyone thinks right now. There's real turmoil in the mutual fund world. You don't take down a fund group like Putnam without creating a tremendous amount of angst and uncertainty.

This is typically when important market bottoms are built. But I'm sitting back and waiting to be shown.

Investors are now realizing that their (worst fears) were overblown.

I put on some shorts going into the close, ... It seemed like a good idea -- the market had simply gone too far, too fast.

You could characterize me as a very nervous bull. I think the market is running out of steam.