Dennis Gartman

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A "Frightened" Gartman On War And The "Vagaries Of Trading"





The world is suddenly a very sad place: people killing people across the globe, deadly viral epidemics claiming over a thousand, hate crimes, human misery and drama at levels not seen in years. What is one to do to find a little precious humor? Why read this latest Dennis Gartman excerpt ahead of his daily CNBC appearance of course.

 
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Is This Why Stocks Are Lower?





"We tried not to equivocate too materially yesterday but we hoped we had made it clear that it was our intent to move off of the centre point of neutrality to something a bit more bullishly inclined.... We’ll err bullishly then, albeit not aggressively so. Rather, as we’ve been in the past, we are “pleasantly” bullish and look to add to our positions..." - Dennis Gartman

 
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Is This Why The Market Just Turned Green?





SSDD: Big dump at the open, then the usual low volume levitation higher as the BTFD algos engage. But why? While the economic news today was bad it wasn't so horrible to merit a new all time high in the "market", while geopolitical developments continue to deteriorate, however at the usual "better than expected" pace. So what might have been the reason for today's latest surge higher which just brought the "market" back into the green? This note from Dennis Gartman may well have been the catalyst.

 
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When Perfect "There Can't Be A Recession" Indicators Fail





This is it! The holy grail of forecasting, Jeffrey Kleintop has discovered it. You'll never have to worry about actual earnings reports, a massive bubble in junk debt, the sluggishness of the economy, new record levels in sentiment measures and margin debt, record low mutual fund cash reserves, the pace of money supply growth, or anything else again. Just watch the yield curve! Unfortunately, as we showed here in the US, this advice could turn out to be extremely dangerous for one's financial health - and has been across many nations throughout time.  People remain desperate for excuses as to why the latest bit of asset boom insanity will never end

 
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Copper Surges To 4-Month High





Copper has rallied almost 6% in the last few weeks with a 1.25% surge today sending the 'economic' metal back to near 4-month highs. This must means demand is picking up, right? This must mean the world is ok, right? Chatter is that this morning's home sales 'noise' surprise spike was the catalyst but it appears much more likely that a combination of a continued squeeze of a very-extended spec short position and the ongoing unwind of China's commodity-finance-deals is the real catalyst. As the market comes to terms with synthetic demand (CCFD unwinds buying back hedges) dominating any excess supply in the spot market, futures positioning still has more room to go.

 
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American Empire on Fire! - Weekly Wrap - June 13, 2014





This week’s news certainly WASN’T BORING.  Big events and small add up to unfolding CHAOS around the WORLD. This week’s subjects: American Empire on FIRE!,  Out on a LIMB: Credit Unions facing INSOLVECY,  Is rising indebtedness a sign of economic strength?,  Bond YIELDS continue to collapse as the race for yield INTENSIFIES,  George Orwell in Action, Showdown looming at the OK corral!,  Simply UNBELIEVABLE SOVEREIGN credit market action, PHANTOM GDP, Rare INDEED, Must watch video interview with Charles Nenner,European BANKING SYSTEM INSOLVECY

 

 
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Zen And The Art Of Trading Crude With Dennis Gartman





He's funny cause he's... funny.

We are short of Brent while long of WTI, but the political situation over which we’ve no control has taken control of  this spread rendering our position intolerable and forcing us to run for cover upon receipt of this commentary. Not to do so would be trading foolishness of the first order

Because in all other situtations when Gartman "puts" on crude positions (with whose money?) which are always a function of geopolitics, he does so only when he has control over the "political situation"? Gotcha.

 
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Bronze Swan Lands: Goldman Explains How The China Commodity Unwind Will Happen





Over a year ago we were the first to bring the topic of China's shadow banking system's problematic rehypothecation issues to the general trading public. In "The Bronze Swan Arrives: Is The End Of Copper Financing China's "Lehman Event"?" we explained how the Chinese commodity financing deals (CCFDs) worked and how they would inevitably be a systemic event for the nation so dependent on the shadow banking system for its credit (and its "growth"). The day has arrived when the Bronze Swan is landing (and it's unlikely to be soft). As we have discussed recently, the probe into 'missing' collateral (or multiple-used collateral) at China's Qingdao warehouse is a major problem... and now Goldman confirms, the Qingdao situation likely to continue ongoing CCFD unwind and has the potential to leave foreign banks with undercollateralized loans and/or losses.

 
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Market Timing With Dennis Gartman: "The Market Will Stop When It Stops, Not A Moment Before"





Renowned for something, Dennis Gartman has outdone himself once again (again). After explaining that bonds are rallying on pension fund rebalancing but stocks should not be lower and shorting bonds never works; the bearded market-timing philosopher gives a glimpse of the kind of insight that can only be purchased for $29.95: "the market will stop when it stops; not a moment before."

 
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27 Huge Red Flags For The U.S. Economy





If you believe that the U.S. economy is heading in the right direction, you really need to read this article. As we look toward the second half of 2014, there are economic red flags all over the place.

 
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Muppet Slaying Must Go On: Goldman Closed Out Of Its Short Bunds Reco For 2% Loss





That greatest contrarian indicator in the history of finance, Tom Stolper (arguably even better than Dennis Gartman), may no longer be at Goldman but his muppet-crushing spirit lives on. With Bund (and Treasury) yields tumbling to lows not seen since mid 2013, adding insult to injury, and accelerating the short squeeze, here is Goldman's Francesco Garzarelli with "Trade Update: Close Trade recommendation selling short Euro Bund June 14 futures (RXM4), for a potential loss of 2%."

 
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Crude Alert: Gartman Is Now Long Oil





Having been stopped out of his "long punt" in copper futures (which are, we remind readers, levered via margin and not a simple cash percentage loss of capital), world-renowned (for something) Dennis Gartman has issued his latest missive - ultimate contrarian call - advice... "we are sellers this morning of copper and buyers of crude oil, one relative to the other, with the problems in China weighing upon the former while crude has held impressively as other commodity prices have fallen." Crude oil longs beware... prepare to be Gartman'd.

 
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"Scared" Gartman Bottom Ticks Market With Uncanny Precision... Again





April 1: Gartman explains why experience tells him to stay bullish on stocks.

April 7: 'Scared' Dennis Gartman: "Get out of stocks"

And here is what happened next...

 
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Dennis Gartman Comes Out In Defense Of HFT: "They Do Indeed Have Better Quality Computers Than Do We"





Presented with no commentary and with lots of laughter as yet one more "expert" who has no clue what HFT actually is (and every clue about being the market's best contrarian indicator - see here and here and here and here) comes out of the woodwork with a "world-renowned" opinion. Again.... and Again.... and Again. Needless to say, Gartman opining in favor of HFT effectively seals the debate if the vacuum tubes should all be done away with this nanosecond.

 
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Gold In Gartman Terms? There's An ETF For That





Dennis Gartman, already humiliated beyond any hope of reputation salvage in the media, appears to be refocusing his keen talents and acute sense of extrapolating instantaneous market momentum 1 millisecond into the future, to a renewed direct exposure in the capital markets. And while hoping that market junkies have forgotten the epic disaster that was his last foray into ETF-land with ONN and OFF, Gartman today announced that he is now launching his signature shtick as a brand new ETF: gold... in non-dollar terms.

 
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