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The Most Bullish Signal For Stocks Today...
... Is that Gartman, after flipflopping to bullish yesterday just in time for the plunge, is again bearish.
We have reduced our position in the market in the only account we manage directly… our own retirement funds… to a long position in aluminium still hedged with out-of-the-money puts and some remaining derivative positions. The “news” out of Russia yesterday was sufficient to keep us on the sidelines on balance, wanting to be bullish but unwilling to commit funds when the news is this “un-or-im” balanced, for discretion is always being the far better part of trading valour.
Expect stocks to turn green any second.
Then again, since Gartman is always bullish and bearish at the same time to protect virtual investors from virtual losses incurred with virtual money, it is a little more complicated than that...
We stand by the statement made late last week and earlier this that support in the futures should be strong at or near the 1865-1875 level and we shall turn rather more openly bullish of shares when that level is put to test, perhaps as early as today but more likely sometime later this week. If that support is broken, then the real, very long term support shall not be evident until the S&P were to trade down to 1750.
Uh, ok.
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This shitt is gunna fukkin xplode!
Yeah, 1865 was a pretty tough year. What was the article about again?
We ticked green a minute ago. It didn't hold, but we were green.
yikes
"our own retirement funds… to a long position in aluminium still hedged with out-of-the-money puts and some remaining derivative positions"
Ok, Ok. You guys can all do stuff like this in YOUR 401k or IRA just like Dennis can, right? Show of hands, please.
FS = Full of Shit
FS = Financial Strategist
Hey guy is brilliant because he gets people to pay $50 / month to hear him change his calls to follow the market momo the previous day. Stocks rise yesterday and Gartman is "pleasantly bullish" today...
I'm long American Gold Eagles, but short Kruggerands. I'm also long Silver Maples, but short American Silver Eagles.
Actually, it was a good year for the US-civil war had concluded.
Why doesn't this guy just stop talking?
He will soon. He got a bad ticker.
I've gotta grow a beard and put out a newsletter. If this guy can do it I can do it.
and don't forget to drink a fifth of cheap scotch a day
Good luck and good trading. (signed)....Dennis Gartman
Seriously, that's what he ends each newsletter with
Disclaimer: This publication is protected by U.S. and International Copyright laws. All rights reserved. This publication is proprietary and intended for the sole use of subscribers. No license is granted to any subscriber, except for the subscriber’s personal use. No part of this publication or its contents may be copied, downloaded, stored in a retrieval system, further transmitted, or otherwise reproduced, stored, disseminated, transferred, or used, in any form or by any means, except as permitted under the subscription agreement or with the prior written permission of The Gartman Letter, L.C. (“Gartman”). Any further disclosure or use, distribution, dissemination or copying of this publication, message or any attachment is strictly prohibited.
And now for the punchline ...
SUBSCRIBERS SHOULD VERIFY ALL CLAIMS AND DO THEIR OWN RESEARCH BEFORE INVESTING IN ANY INVESTMENTS REFERENCED IN THIS PUBLICATION. INVESTING IN SECURITIES AND OTHER INVESTMENTS, SUCH AS OPTIONS AND FUTURES, IS SPECULATIVE AND CARRIES A HIGH DEGREE OF RISK. SUBSCRIBERS MAY LOSE MONEY TRADING AND INVESTING IN SUCH INVESTMENTS
Last Word ... From Dennis
This disclaimer applies to any trial subscription. Anyone who says otherwise is itchin' for a fight.
Tylers, are you icthin' ?
@astoriajoe "I've gotta grow a beard and put out a newsletter. If this guy can do it I can do it."
Yeah, thats the american way, if you can do it ... i can do it too! good luck... they dont tell you that you need "luck" or connections ... got to keep the image alive
the only thing is that that guy is a federali amigo ... you dont get in tv because you like to ... even if you grow a beard .... well the newsletter needs institutional subscriptions and they dont come unless they are told so ....
got the remember the machine runs completely differently than what you are told in school.
all these tips because of the astoria connection :)
Bought Nasdaq futures earlier this morning, wasn't too sure about it, so just scooped a few contracts - time to load up now!
Gartman is such a chode.
+1 for the chode comment :)
chode: +1
Haven't seen that in a while. Well done!
Obviously this Gartman sack of watery flesh derives his income as a percent of clients money invested.
Shit, I cannot hit the 'Buy' key any faster.
FYI: I'm seeing some dog shit companies already in green on the day.
I just love a good sale. Either way, volatility is good; except for the 'investors'. Do those people even exist anymore? ;-)
"Bring out your dead."
For cripes sakes, are you really only willing to commit funds when the market is up? What a maroon.
What's wrong with this guy? The S&P is bouncing off of the 100 DMA, and is oversold short term. This is where you take a shot long the S&P or short VXX.
If you're not making 3-10% per month, you just ain't doing it right.
And that's just on the coupon! Eeeeeeee hawwww!
Shucks; ya done gawn and figgered it out.
I'm going set up a terminal to look for his statements. Convert positive statements to a short signal and negative statements to a buy signal and make MEGA BUCKS.
In other words, "We sold to our sucker clients who we told to go long yesterday".
I'm glad someone is watching this guy, but, perhaps it should now be for homicide instead of suicide.
This is fun.
These Gartman articles are like the funnies section of the newspaper used to be.
He already has a stand up economic comedy gig.
Gartman forgot to eyeglasses. He would have looked smarter.
Too bad for the aluminium industry.
Gartman is right on queue to do the opposite.
It's the famous buy,buy,buy signal!
Or is it the bye bye, and goodnight, nurse - signal?
Gartman churns more than the 'Land-O-Lakes' butter factory...
Gartman used to be a good trader, hence why he runs a hedge fund and you douche bags are pi%%ing around with $300 FX accounts.
Like many veterans though, he is struggling in a market run by algorithms and power hungry central bankers.
yes, he learned in the tranches ... now struggling beynd algorithms ... life is unfair
Actually, he "runs" a 401(k). He is "selling" a newsletter.
That's why he has to jack off on the Cable TV Channels. Struggling account management needs an upper hand in funneling daily cash infusions.
Without this, his 401K portfolio turns into a ponzi scheme. Gartman ends up in jail.
tyler with the smack down ...
$300 FX accounts...Lol. Sure whatever you say. 20 years in the business has taught me the key to making 'money' is identifying the market meme and going with it. It doesn't matter what I think about how things should be. I just accept the "market" for what it is and the rest is easy. If Garman can't grasp that after all these years then he deserves to be ridiculed for his ridiculous calls.
Mean while in the real world, where results actually matter... Wait a minute, does this guy earn the 2 and 20 I've heard so much about. Lemme see 2% handling fee plus 20% commission on profits is it? *clickity click* oh, one would earn a pretty decent living at this
No. He just said top of the article he has no funds except his newsletter revenue. Aka his retirement fund invested in aluminum. Aka he scraped enough change off his floor to buy a six pack of pabst and he's waiting til he has gas money enough to go turn them in for the nickel deposit across the state line.
Guy is the king of sheep. He can't get two and twenty because his performance record would be on the record instead of his fucktabulius bullshit "units of" horse shit. Then he would lose the meth addict trust funder subscribers too.
10 yr treas yld just had big down spike
How can this guy even look at himself in the mirror?
Fucking Fartman.
100 day moving average holding on SP 500 for now. If that goes....look the F out below
watch the 121 dma
ha, ha, been out of the stock market after the tech wreck and into precious metals starting 2004
So you've missed out on quite a bit of profits then? Hmmm...
I realize that trading isn't for everyone, but with simple TA and solid money management, you can easily beat the vast majority of funds.
Of course, we are in the 11th hour now so it's probably better for most to just stay out.
DG makes trading look impossible!
"It's always great to be Sean" - Dennis Gartman ;)
I hear that in high school they called him Dennis 'The Donkey' Gartman (and not beause he's hung like one)
Pretentious douchebag makes bob pissani look like the oracle of Delphi. How does anyone get born dumb enough to pay this asshole for anything other than a Rim job?