Dennis Gartman

EconMatters's picture

Risk evaluation is a given regarding anything in financial markets these days, and has been the case forever taking into account the multiple market crashes and "Melt-Ups" in almost every asset class for the last century of historical price data.

Gartman Says Sell Everything: "Bear Markets Are Now Fully Engaged"

"At this point there is nothing that we can say other than protection must be taken; that positions on the long side have to be reduced into any strength that may develop; that we fear that the bull markets are indeed finished and that bear markets are now full engaged."

One Day After Biggest Rally Since March, Gartman Covers Shorts

"We covered in a great portion of our short derivatives position and we added to our long position in the shares of a foreign steel producer immediately upon the opening of trading on the NYSE. We did more of the same mid-morning and by the day’s end finished effectively market neutral."

Two Days After He "Turned Bearish On Equities", Dennis Gartman Is Again "Net Long"

"In our retirement funds here at TGL we bought back into the same non-US steel manufacturing concern that we’d owned previously as it broke out to the upside... we are aggressively long of gold/EUR and we own a leveraged gold mining ETF. We have balanced those positions with bearish equity derivatives sufficient to leave us marginally… very marginally… net long of equities."

As Gold Crashes, Gartman Has A Theory What Is Behind It

"Tuesday’s sell-off did look like liquidation rather than fundamentally warranted selling. This view is further supported by the fact that the open interest in the COMEX futures has fallen by more than 4% this week, suggestive strongly of forced liquidation and a throwing up of the hands… and of the stuff in one’s stomach."

After Warning Of "Selling Cascade" On Friday, Gartman Turns Bullish

"If the great Marty Zweig taught us all decades ago never to fight the Fed, then we are to learn today never to fight the collective force of the central banks in aggregate either, but should instead see this as a wind at the stock market’s collective back."

Gartman: "We Are Now Of Course Net Long Of Equities"

"Having suffered a very bad three week period, but noting that aluminium shares “gapped” higher yesterday and the day previous after having held their 200 day moving average earlier this week. We have had derivatives in place to hedge that position, but we’ve been reducing that derivatives position all week long and we are now of course net long of equities on balance."

Dennis Gartman: "We Are Entering The “Zimbabwe-isation” Of The Global Capital Markets"

"We are, it seems to us, entering the period we shall call the “Zimbabwe-isation” of the global capital markets and we say that with all sincerity… and requisite trepidation.  This will end badly of course. These things always do, but until they end… until the music finally stops… the game has to be played and the music, as it plays, has to be enjoyed."

Gartman Buys Far Out-Of-The-Money SPY Puts

"In our retirement funds here at TGL, we have chosen to simplify our positions in that we’ve liquidated the small long position we had had in fertilizer shares and took those funds and bought more aluminium shares, while at the same time having sold more of the same out-of-the money calls against those shares. We have a very, very small position in “SPY” puts that are rather far-out-of-the-money at the moment as a bearish “punt."

FBN Warns "Buy The Dead Cat Bounce At Your Own Risk"

While there has been a plethora of calls by "invested" pundits and analysts, urging clients to stay invested or, even better, BTFD, following the Friday selloff and the Monday rebound, we have also seen some more cautious recommendations, such as this one by FBN's JC O'hara, warning clients "Buy the ‘Dead Cat’ Bounce at Your Own Risk."