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 -> 

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
Bay of Pigs's picture

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

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
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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
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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
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I believe you. 

Wed, 11/20/2013 - 14:35 | 4173998 jballz
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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
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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
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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
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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
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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
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Suffering succotash, another Goldman Sachs / CNBC video on ZeroHedge.

Wed, 11/20/2013 - 13:48 | 4173948 forwardho
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They are now producing clips directly for the Tylers.

It almost seams... too easy.

Wed, 11/20/2013 - 13:44 | 4173931 wisehiney
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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.

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