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Is This Why Stocks Are Soaring?
A few weeks ago, after Gartman got "scared" of the market and "got out of stocks" only to see a sharp reversal, Gartman turned "pleasantly bullish" on stocks... only to see the market close the week red. Overnight, Gartman may have set the market direction once again with the following update:
We turned “pleasantly” bullish of shares several weeks ago when the S&P tested 1805-1810 and it has rushed higher since, although global shares have not followed the US higher with the same sense of urgency. Now, however, 1875-1885 has proven to be formidable resistance and our bullish enthusiasm has to be reduced once again.
And sure enough, stocks surge, in HFT momentum chasing algo terms.
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hahahahahahahahahahahahahahhaahhahahaahahahahahahahahahahahahahahahaaah...this is perfectly Gartman!
hey gartman, they're laughing at you!
Did Fartman ever do weather forecasting?
He says he is not scared...
http://dennisgartman.blogspot.com/2014/04/dennis-gartman-not-scared-anym...
The Fartman Factor.........Goldman's Special Software Wins Again.
The HFT vacuum tube algo-bots are laughing at him. Gartman is Johnny-5's little bitch!
stocks are "soaring" (zero sum plus friday) due ONLY to the fact it is month end and the fed is "ironically" making their announcement on the very last day of the month............period
we all know the script....better than expected econ until november, fed cannot untaper, IBM and V will be the dow catalysts, AAPL will be the ES catalyst, MOMO's will be sold into catalysts etc etc the world is saved!
That was only 1/4 retard
Trend chop changes with the blink of an eye today
give me a break with this bafoon ... i understand he is part of the system, but pleeeease treat it with care ....
Gartman got "pleasantly bullish" less than a week ago. What a joke. Gartman is long of bullshit and short of brains.
How does this guy earn a living again?
Like most corrupt 0.01%ers, by fading his own advice.
by doing backbreaking work and keeping a high workethic....
it's called : FINANCIAL ENGINEERING
WHOEHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!!
Is that your evil laugh?
I really feel sorry for the folks starved for "lies and airtime." I mean how does this fit into a trading strategy again?
"First you have to make sense" and, well, since the market makes no sense...well, it is ironic that you can't just say "blah blee blah."
Actually ratings might do something other than collapse (along with many other things...like lower Jaws for example) if he did say "blah-ble-blah" with a strongly worded view on why this is done in the first place.
You know..."don't ask me how I can live myself! How can you live with yourself!!!!"
Gartman, you fat bastard....put in a $500 an ounce call on Gold and I will buy your fucking newsletter for every member of my family.
he found the market has.... er... rigging support.. -lol
:^D
how many units is he allocating, just kidding i never cared.
It's amazing how an "asset manager" can move his clients in and out of stocks so quickly. I guess the friends and family don't mind the constant churning every time the wind blows. What a turd.
he doesn't manage shitt, all he does is open his mouth and go blah, blah, blah for his newsletter subscribers (sad souls)...the guy is a tool!
Whats also amazing is that joe retail can kick a whales ass.
Sell everything... Why Ukrane, Momo panic..lol I didn't see the shtf yet.
There is a lot of money on the sidelines and where else you gonna go, for now anyway.
from the lower left to the upper right... got it!
Gartman learns the term "whipsaw"....
We are long of whipsaw trades and short of rational decision making.
Not sure exactly who was Gartmaned here....but congratulations anyway.
What a crock of shit. He did not turn pleasantly bullish at 1805...that's when he was bearish. He turned bullish both times we've crossed 1870. The cocksucker has top ticked and then bottom ticked the market 4 straight times. Talk about rewriting history
I take it wearing the asshat for some people just never goes out of style.
I fail to see how he blew this call. He said 1875-1885 was resistance and he would be lightening up. So likely he is selling into today's strength which is probably a good move.
You need to look at what he actually said and when he originally pulled out of the market or jumped back in. Not the bullshit he wrote after the fact to make himself sound credible.
I'm long of Gartman in bullshit terms.
Lol, good one
Daisy, Daisy, give me your answer true. I'm half crazy.......
She's bullish. She's bullish not. She's bullish. She's bullish not.
Oh, what a beautiful Moooorning...... !!
A market beater !!
Dennis Gartman, the guy who once told me "Gold will never trade above 500 Euro's"?
Oh yeah, that guy.
Fat men in driven around in limo's don't get an opinion. They do recieve something else though. <chuckle>
The stupidity of this market is pretty obvious- both Pfizer and Astrazeneca are up significantly this morning. Simply fucking unreal.
Capital flows trump fundamentals? Fear will go where it is treated better regardless the price. Measurements are good when markets are calm in either direction but a trending one is about expectation both real or imaginary! I expect capital to come to America regardless of value estimates or citizens beliefs? It could be both better and worst to an outsider depending on his country of origin but it will be more stable in his mind being here in bartertown than anywhere else?
He's eventually going to get one right. I'd say now may be the right time. The stupidy of the market is now unreal. MSFT up over 3% on less profit than last year. Sure they have near a 3% dividend but stocks aren't safe investments and nor is a company with sinking earnings.
"stocks aren't safe investments"
We don't have investors any longer. We have rentiers, and right now the BernankenYellen wants them in stawks and bawnds.
They can want them to be in many things but eventually what will happen is the positions will start losing and then they will see the real Fed has no actual power to do anything at all. It's all a make-believe world.
In other words, it has only been working because people believe it will work.
WHO PAYS THIS GUY???
ACCURACY RATE (AT LEAST ON TV...) NEAR 0%... WAY TO GO...
Did you mean Cartman?
Respect my authoritai!
Pathetic, but I suppose if you throw enough shit at the wall some of it is going to stick and get you a booking on CNBC.
since he is the only non algo left trading he is probably single handedly moving the market with his puny buy/sells
Clown!
Have just slaughtered 3 chickens, and diligently reading their entrails, we can state unequivocally, that they are unerring in predicting that the stock markets will rise and fall.
This is gospel.
Uh, is this called soaring? Seems too quick on the trigger there eh? Not to mention month end. Hmmm...
It's the same as the insane Ron Insana, who now is long stocks.
Both fucktards
GD ZH! You put us up to our ass with martin armstrong and now dump friggin gartman on top of that????????????????????? WTF
This is unbelievable. I can understand someone being wrong 50% of the time due to random guessing, but this is just weird. Maybe the algos are programmed to do the opposite of what he says.
Never go full-Gartman