Dennis Gartman

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."

And The Next President According To Dennis Gartman Is...

“It has to be a coincidence, because the market is wise enough to know that Mr. Trump has no chance of becoming the next president and thus cannot and will not affect monetary and/or economic policy here in the U.S. or abroad,” popular newsletter publisher Dennis Gartman told Kitco News Tuesday.

Gartman Is Shorting Bonds, Would "Err Bearishly Of Oil"

Over the last week, there has been little guidance from one of the market's most steadfast directional beacons, Dennis Gartman. Luckily, he provided some much needed insight into what asset classes may  not  do in the coming days, targeting not one but two key products: oil, where we would "err bearishly" and bonds, which he is now shorting.

Goldman Turns Outright Bearish: Says To "Sell" Stocks Over Next 3 Months

For those who believe that Goldman is just another incarnation of Dennis Gartman and are still bearish, you may want to close out any remaining short positions because moments ago, Goldman just released a new report in which the firm has gone outright bearish, with a "tactical downgrade to equities for the next 3 months."

The Market's Biggest Permabull Is "Scared About The Month Of August"

JPM's former permabull, Tom Lee, needs no introduction: any time he appears on CNBC, his advice has been simple: buy it all. Which is why we were surprised to read that while Lee remains generally bullish on central planning, and its most direct manifestation, new all time highs, he writes in his latest commentary that he is "scared about the month of August."

Oil Surges After Gartman Exits Crude Long

"this aggressive “bidding” is sufficient to cause us to abandon our modest, one unit long positions in crude immediately upon receipt of this commentary. Being wrong is part of the business we are in; remaining wrong is anathema and the market is about to tell us that we are very, very wrong."

Gartman Capitulates On Shorts: "We Have Had Quite Enough; We Want Out Now"

As noted here Wednesday, June 29th we had orders in the equity futures markets to sell the S&P at 2045; to sell the EURO STOXX 50 at 2837 and to sell the Nikkei at 15,800…two thirds of a unit for each so that we’ll be short of two units in total now that all are filled. As of this morning, the S&P is 2127 (-4.0% against us)... We have had quite enough; we want out now… losing 1.6% on average. Cover these positions immediately… or sooner.