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Dennis Gartman Compare And Contrast

Tyler Durden's picture




 

It would be funny if someone wasn't actually spending money on the newsletters.

Gartman from November 19 on CNBC "Dennis Gartman doesn't see froth in stock market":

"... the simple things of economic growth, I don't think there's froth whatsoever."

So... long of froth in economic growth terms? Got it.

* * *

And contrast to Gartman from just ten days earlier, November 8:

"Now with the S&P forging a massive reversal to the downside, we not only must abandon being bullish we must become bearish... and very so.... Our bearish friends, having been wrong for so long, are now right; it is time to be bearish of stocks, while the time for having been bullish is now past... We trust we are clear. The game’s changed and when the game changes, we change.... We had heretofore consistently erred bullishly of simple things… of coal; of steel; of railroads; of ships and shipping… but we are not now."

But "are" 10 days later?

Oh well. There's one born every minute.

 

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Wed, 11/20/2013 - 13:17 | 4173840 HedgeAccordingly
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he looks like Mary Jo White .. if you squint -> http://hedge.ly/19hEvMq 

Wed, 11/20/2013 - 13:19 | 4173850 Lets_Eat_Ben
Lets_Eat_Ben's picture

It's sad this man makes a living spouting his horseshit

Wed, 11/20/2013 - 13:20 | 4173857 Bay of Pigs
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Even more sad people believe him and give him their money.

Wed, 11/20/2013 - 13:22 | 4173864 Four chan
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gartman is a jerk with his pairs and units, i doubt he trades anything, just like the najarian bozos.

Wed, 11/20/2013 - 13:30 | 4173886 Pladizow
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During hurricanes even turkey's can fly!

We'll see who the true investors are when Ben's drugs wear off!

Wed, 11/20/2013 - 13:42 | 4173926 Say What Again
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You gotta love how smug and confident he is when he talks on CNBC.

I'm gonna miss Maria Gottablowya

Wed, 11/20/2013 - 13:56 | 4173970 dryam
dryam's picture

I have no problem with Gartman.  He's a putz just like 1/2 the population, but 1/2 the population doesn't get invited back to CNBC every week and given a microphone & doesn't have articles quoting him nearly everyday.  No, it's not Gartman that's the problem.  All of this is a reflection CNBC (ie the establishment) trying to give as much misdirection/misinformation as possible.  He's just a pawn in the larger game. 

Wed, 11/20/2013 - 14:05 | 4174013 jcaz
jcaz's picture

Gartman's money clients fled long ago-  his main source of income now is the per-diem check for showing up on CNBC...... 

Wed, 11/20/2013 - 14:13 | 4174062 dryam
dryam's picture

Who says he doesn't get a check directly from the Fed?

Wed, 11/20/2013 - 14:29 | 4174170 aVileRat
aVileRat's picture

Yeah, Dennis lost a wackton of cred in 2008. Then his failed line of Gartman alpha ETF & investor seminars sort of ruined what he had left. The newsletter is pretty dead, compelling when not everyone had a custom built google scraper trawling at 4000 pages a second, but now it's just a relic.

If he had stuck with core contrarian calls, then he would have been good as a Black Swan guy, but he decided to wander into technicals and commods that proved more complex than folksy idionims. He then dropped the folksy attitude and in turn started trying to do deeper 'value' calls which is what and where many lost it.

 

Wed, 11/20/2013 - 18:06 | 4175240 Pegasus Muse
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Fartman's full of more shit than a Christmas goose.  Rivals Stopler in making wrong calls.

Wed, 11/20/2013 - 14:18 | 4174105 NOTaREALmerican
NOTaREALmerican's picture

What you stated is circular reasoning, but correct circular reasoning, but you arrived at the wrong conclusion.

>  He's a putz just like 1/2 the population

Half the population are putz'z'z'z

> trying to give as much misdirection/misinformation as possible

They aren't "trying to give".   They are giving the putz what they NEED; which is bullshit.    CNBC exists for the same reason the Red and Blue Team exist and religion exists and splatter-art exists:  because putz'z'z need bullshit to survive.    If SOMETHING doesn't deliver the bullshit there would be bullshit vacuum,  and putz’z’z’ abhors a bullshit-vacuum.

Wed, 11/20/2013 - 14:43 | 4174233 jballz
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But... I like splatter art.

Wed, 11/20/2013 - 13:30 | 4173889 Cult_of_Reason
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Najarian bozos (and the group of traders and hedge funds they're associated with) front run their recommendations on CNBC, mark up equities and dump options into the spikes.

Wed, 11/20/2013 - 13:30 | 4173890 redux2redux
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Up vote for avatar...

Wed, 11/20/2013 - 16:16 | 4173929 Say What Again
Say What Again's picture

what?

 

Wed, 11/20/2013 - 13:32 | 4173897 nasdaq99
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He's a trader and he's been wrong a lot.  However, nobody has been more wrong the trade than Zerohedge.  

 

And i've been wrong every step of the way along with you but if you're going to be so quick to sling mud then step up and just admit you've been more wrong than most.

Everything is a trade.  Damn few "investments" out there.

 

Wed, 11/20/2013 - 13:39 | 4173917 NOTaREALmerican
NOTaREALmerican's picture

+10

A perm-bear is as incorrect as a perm-bull.   The "markets" have always gone up-n-up-n-up slowly and then crashed suddenly based on (not much more than) male pathological optimism and panic. 

Wed, 11/20/2013 - 13:58 | 4173977 azzhatter
azzhatter's picture

I don't think a complete reversal in 10 days qualifies as a "perma" anything except perma fucktard

Wed, 11/20/2013 - 13:46 | 4173935 Blano
Blano's picture

Yep.  I've left plenty of money on the table thinking this sucker's gonna go down, and it never does.

Wed, 11/20/2013 - 14:10 | 4173951 Dr. Engali
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If you aren't making money in this print fest, then that's your own damn fault.

Wed, 11/20/2013 - 13:52 | 4173943 Dr. Engali
Dr. Engali's picture

How has Zero Hedge been wrong the trade? They just point out the bullshit. The Hedge hasn't made a broad market call beyond BTFD and BTFATH. As a matter of fact the few trade recommendations the Tyler's have made were profitable. If you have the balls to put them on.

Wed, 11/20/2013 - 13:57 | 4173975 SheepDog-One
SheepDog-One's picture

And actually most all of the 'trades' I've ZH put out have turned out to be big winners. 

Wed, 11/20/2013 - 14:16 | 4174075 Dr. Engali
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I don't think some readers understand that an article submitted by a contributor is not necessarily the position of the Tylers.

Wed, 11/20/2013 - 14:15 | 4174078 jcaz
jcaz's picture

Agreed.  

Tyler isn't a freaking money manager, and this ain't Morningstar-  he just points shit out, in the most unbiased way I've seen in ANY market. 

If anyone has lost money trading by what Zerohedge says about anything, then they need to work on their reading comprehension skills.

Personally, I made a pile shorting JCP on Tyler's analysis a couple months ago,  and passed it along to my clients- WAY better info than any of the traditional "newsletter" bullshit scams out there.....

Wed, 11/20/2013 - 13:55 | 4173971 azzhatter
azzhatter's picture

Fucktard. But typical CNBC type. Spews bullshit and looks like a turd. You could substitute any number of CNBC sack swingers and get same advice

Wed, 11/20/2013 - 13:18 | 4173844 kahunabear
kahunabear's picture

What is he "long of" and "short of"?

Wed, 11/20/2013 - 13:20 | 4173858 Gringo Viejo
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Long of wind
Short of grey matter.

Wed, 11/20/2013 - 13:23 | 4173865 jballz
jballz's picture

 

 

PT Barnum without the class.

Total fucking blowhard moron, only slightly less dumb than his followers.

Wed, 11/20/2013 - 13:23 | 4173867 ChaosEquilibrium
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Change WILL happen when the bullets start flying!

 

Wed, 11/20/2013 - 13:24 | 4173868 dcohen
dcohen's picture

There is a bitcoin price on Bernanke's head - bid up the price here to hire a hitman

http://rt.com/news/bitcoin-assassination-market-anarchist-983/

Wed, 11/20/2013 - 13:31 | 4173893 Bay of Pigs
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You should take this post down.

Wed, 11/20/2013 - 13:33 | 4173900 fonzannoon
fonzannoon's picture

I second that BOP although I think Tyler needs to do it because replying may have locked his comment in.

Wed, 11/20/2013 - 13:39 | 4173920 Bay of Pigs
Bay of Pigs's picture

Fonz, I know for a fact that these kinds of posts are screened and following by the FBI. I was told that by a member of the ZH crew last year.

Wed, 11/20/2013 - 13:42 | 4173927 fonzannoon
fonzannoon's picture

I believe you. 

Wed, 11/20/2013 - 14:35 | 4173998 jballz
jballz's picture

 

meh. 

I hate you all.

good luck!

Wed, 11/20/2013 - 14:03 | 4174005 forwardho
forwardho's picture

Your words and thoughts will be used against you.

 

 

Wed, 11/20/2013 - 14:36 | 4174152 jballz
jballz's picture

 

pretty flowers.

 

Wed, 11/20/2013 - 14:17 | 4174088 Dr. Engali
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I agree w/ BOP and Fonz. This post needs to come down Tyler.

Wed, 11/20/2013 - 13:25 | 4173874 icanhasbailout
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Consistency is the hobgoblin of small minds

Wed, 11/20/2013 - 13:27 | 4173880 Tinky
Tinky's picture

Speaking of stocks, who in their right mind would buy shares in Yahoo!?

I have a long-standing email account with them, and have recently had to delete a couple of SPAM emails from my inbox. The subject line of each included "Jennifer Aniston".

A multi-billion dollar company that incorporates a spam filter which fails to discern that crap as spam? Please.

Wed, 11/20/2013 - 13:47 | 4173942 Blano
Blano's picture

If you're only getting a couple, count your blessings.  I hate yahoo, the email and the site.

Wed, 11/20/2013 - 13:32 | 4173895 Peter Pan
Peter Pan's picture

One day we will find out just how many of these fools have either been blackmailed or bribed by the NSA to spout a given line.

Wed, 11/20/2013 - 13:36 | 4173906 NOTaREALmerican
NOTaREALmerican's picture

Well,  a broken clock is right twice a day, unless it's a 24 hour clock or a digital clock.

Wed, 11/20/2013 - 13:39 | 4173918 uncle.bigs
uncle.bigs's picture

Like all prognosticators they sling as much bullshit as possible and then cherry pick their winners to later say "As I said on....".  The Sheeple eat it up because they're too stupid to recall the other 80% of the time that they're wrong.

Wed, 11/20/2013 - 13:56 | 4173972 forwardho
forwardho's picture

Re;  The Sheeple eat it up because they're too stupid to recall the other 80% of the time that they're wrong.

When I was young, I Found that most grown-ups were made uncomfortable if I reminded them of their previous words. I could not understand how they could forget what they had said. In growing up I learned that the average person is a dolt.

Wed, 11/20/2013 - 13:41 | 4173925 q99x2
q99x2's picture

Suffering succotash, another Goldman Sachs / CNBC video on ZeroHedge.

Wed, 11/20/2013 - 13:48 | 4173948 forwardho
forwardho's picture

They are now producing clips directly for the Tylers.

It almost seams... too easy.

Wed, 11/20/2013 - 13:44 | 4173931 wisehiney
wisehiney's picture

These are good clowns cause they are funny. And predictable. They begin gradually talking a market theme, and then gradually build on it until they are all screaming at the top of their lungs (keyboards) simultaneously. That is the time to take the opposite side of their bet, just when they have squeezed the suckers out. 

Wed, 11/20/2013 - 13:53 | 4173961 NOTaREALmerican
NOTaREALmerican's picture

Re:  That is the time to take the opposite side of their bet, just when they have squeezed the suckers out. 

The suckers aren't all-in yet.  You can't talk-down a bubble.  If you do talk-it-down then it wasn't a bubble to begin with.    A bubble is pure male pathological optimism.    And in a situation like that no amount of talking will convince the other males not to follow the rest of the dumbasses to their destruction.   

If the market goes down as a result of talk it's a correction, which will result in a BTFD by the pathological optimists.     If there are enough pathological optimists the "bubble" will continue upwards until a male panic results in a crash.   

Logic has nothing to do with male pathological optimism.

Wed, 11/20/2013 - 14:04 | 4174010 wisehiney
wisehiney's picture

They are talking up interest rates now, if we - please - get a spike at 2:00 take advantage and begin to pick up TLT. Free lunch for you.

Wed, 11/20/2013 - 14:13 | 4174057 Cruel Aid
Cruel Aid's picture

Sounds about right, but corrections are hard to come by and we muscled thru Sept better than usual, so somebody needs to conjure up a 5/10% correction one of these days

Wed, 11/20/2013 - 21:25 | 4175891 MeelionDollerBogus
MeelionDollerBogus's picture

does not compute. Most trades are set & executed by machines with little or no human guidance.

Wed, 11/20/2013 - 13:50 | 4173954 dmger14
dmger14's picture

Give the man a break!  10 whole days passed after his bearish statement!

Wed, 11/20/2013 - 13:53 | 4173962 Peter Pan
Peter Pan's picture

I agree. It must the problem of climate warming which does not allow him to hibernate longer.

Wed, 11/20/2013 - 14:55 | 4174304 El Hosel
El Hosel's picture

One must change of their opinion as one sees fit of it.

Wed, 11/20/2013 - 13:54 | 4173966 dcj98gst
dcj98gst's picture

Gartman went on Peter Schiff's show and said that Abenomics is the "right thing for the Japanese to do"  what an idiot.

Wed, 11/20/2013 - 14:09 | 4174006 Seasmoke
Seasmoke's picture

The guy is an idiot. Any great salesman knows you put out two different picks under two different names, that you control. VEGAS 101. 

 

This Thursday Seasmoke lock of year. For $500 we guarantee the Falcons cover. Or your get rest of seasons picks free....

 

This Thursday is Seefires game of year. For just $300 we guarantee the Saints will cover or your money back !!

Wed, 11/20/2013 - 14:06 | 4174020 ArrestBobRubin
ArrestBobRubin's picture

What is it with the royal "We" with this guy? 

It's only in a "news media" as badly devolved as ours where a goofy asshat like Dennis Gartman would enjoy any exposure at all.

 

Thu, 11/21/2013 - 00:53 | 4176451 Godisanhftbot
Godisanhftbot's picture

We is long of bullcrap ?

Wed, 11/20/2013 - 14:08 | 4174024 NOTaREALmerican
NOTaREALmerican's picture

There's a huge difference between trading and economic/political/moral philosophy.

Advocating for QE or Abenomics is political/moral philosophy.

Buying Toyota as a result of Abenomics is a trade.  

Wed, 11/20/2013 - 14:15 | 4174069 KingTut
KingTut's picture

I attended the New Orleans Investment conference where Gartman spoke.  He was invited as a contrarian to the decidedly gold-bug flavor of the audience.  However, his talk was so patronizing and insulting it embarassed everyone.  In a room where the average IQ and real-world knowdge was MUCH higher than Dennis will ever aspire to, he treated us like kindergartners, like idiots who had no business making decisions on our own behalf.  

The guy is an idiot, fit for mainstream TV, but not much more.  Charles Krauthammer was a breath of fresh air by comparison.

Wed, 11/20/2013 - 14:26 | 4174149 NOTaREALmerican
NOTaREALmerican's picture

Re:  Charles Krauthammer

New Orleans Investment conference ?

He's a political bullshit spewer.   What was he doing at an "investment" conference?

Wed, 11/20/2013 - 15:04 | 4174350 nakki
nakki's picture

Spewing bullshit, getting paid.

Wed, 11/20/2013 - 14:51 | 4174286 wisehiney
wisehiney's picture

This fucker had better blow harder. He does'nt have Maria's T&A. This is the last stop for dennis.

Wed, 11/20/2013 - 14:52 | 4174292 El Hosel
El Hosel's picture

When will we be finished of Dennis Gartman?

Wed, 11/20/2013 - 15:05 | 4174358 wisehiney
wisehiney's picture

Most folks already are. cnbc ratings continue to tumble.

Wed, 11/20/2013 - 15:08 | 4174388 Quantum Nucleonics
Quantum Nucleonics's picture

Must be why Maria jumped ship to Fox.

Wed, 11/20/2013 - 16:12 | 4174329 ToNYC
ToNYC's picture

Gartman plays magic 8-ball, or is it a dreidel; whatever it is, he is quite long of it.

Wed, 11/20/2013 - 15:08 | 4174383 Quantum Nucleonics
Quantum Nucleonics's picture

So... do the opposite of what he recommends.  If that works, his newsletter is still a bargain.

Wed, 11/20/2013 - 20:45 | 4175768 MeelionDollerBogus
MeelionDollerBogus's picture

<- Dennis Gartman calls

<- shitcoinz USD valuations

Can't tell what's more absurd moment to moment.

Thu, 11/21/2013 - 00:55 | 4176452 Godisanhftbot
Godisanhftbot's picture

 Gartman has made millions for thousands over the years.

 Parse that.

 

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