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Is This Why Stocks Are Soaring?
October 16: "Buyers beware, the bear market has begun":
The selloff in global markets is set to continue as a bear market takes hold "for a long period of time," according to widely followed investor Dennis Gartman, who warned investors not to go long on stocks.
"This is the start of a bear market," Gartman, the founder of the closely watched Gartman Letter, told CNBC Europe's "Squawk Box" on Thursday. "You stay in cash and you stay in short term bonds and you don't move out, this is a very difficult period of time and I'm afraid - and
I don't like to think about it – but this might be the very beginnings of a bear market that could last some period of time," he warned.
And first thing this morning:
As noted in the chart of the S&P at the upper left of p.1 this morning we were swiftly approaching the bottom of “The Box” that marks the 50-62% retracement of the recent sharp decline from the interim highs forged earlier this month. Given the manner in which stock index futures are trading rather briskly lower this morning as we write, it does not appear that we shall see the S&P futures trade into “The Box,” and that makes us all the more suspicious of share prices generally, for a market than cannot even retrace 50-62% of its previous weakness is a market that is weaker, internally, than it might at first appear. Worse, failure here suggest that a fully-fledged bear market has begun, for this would be a clear failure well below the highs of the last interim rally, with the lows of the last interim break having already been taken out to the downside.
And in chart format:
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It's almost as if Gartman is the fat kid that everyone messes with. Like Yellen calls up Dimon and they laugh, "did you fucking see that?, LOL".
Dennis Fartman = Tom Stolper v2.0
You fool me once shame on you, You fool me 9.9999E99 times I am Dennis Gartman
Gartman should make predictions on Ebola, hurricanes and give personalized assessments of lifespan for a fee.
All your doomsday crap and the markets are bullish!! WTF I sold my GILD at $95 and its at $105. You basturds! I knew i should have followed my instincts. Zero H is right 1% of the time. Blahhhhh blahhhh blahhhh!!!!!!!!!!
As much as I don't read Phoenix Capital. ...at least they don't flip flop like a land Perch
One could be very rich playing Gartman quotes as a contrarian indicator. His quoted timing is always wrong. Possibly on purpose !?!
Nahhhh...
You should follow the yellow lines in the nearest road to see where it goes!
Ta ta now..
This man has all the qualifications to be part of the Obongo administration.
<---- Gartman
<---- Cramer
Rebound partially Ebola relief, also China had good BS numbers. Its far from over to the downside, but the market has much less central bank support and will decline over the next 5 years back below 1000 IMO. 50 dma resistance and likely will not make ath before another selloff.
Gartman is going to go postal on TV one day......
I hope his people have enough sense to trade opposite of his recommendations. Heck, I might subscribe and do just that.......
I agree with him sompletely; this is exactly what I've been trying to say here for a week now.
It's a rally in a bear market. The real market movers own this bitch; they can just club it down like a baby seal with a baseball bat. and they will; soon.
my neighbor's half-sister makes $71 hourly on the laptop . She has been fired from work for 9 months but last month her paycheck was $17975 just working on the laptop for a few hours. look at this site... www.job-reports.com
I think I am over these seemingly daily Gartman posts. Primarily because I am over looking at his face..we get it...he is a contrarian indicator.
aaahahahahaaaa! Gartman is such a f*cking tool!
after wednesday's close:
Buyers beware, the bear market has begun: Gartman
http://www.cnbc.com/id/102092358
This is just the beginning of bear market: Gartman
http://www.cnbc.com/id/15840232/?video=3000320428&play=1
"Is This Why Stocks Are Soaring?"..........partially yes.........gartman is more connected than you think, he is being used as a contrarian market signal by his owners.
Gartman is not connected. He is just a heard mentality moron. He doesn't even have a system. He trades 100% off of his emotions.
As reliable as when ZH posts about how the market is crashing.
Nasdaq down 8% in 5 days, bounces 6% in the next 5. Fundamentals indeed.
US stocks outperform rest of the world by 11% year to date, 80% since the 2008 crisis. 60% of global market cap, insatiably consuming the rest of the world's resources and manufactured goods all the while. Nice trick if you can pull it off. Exorbitant privilige for the win.
Best con ever!
"US stocks outperform rest of the world by 11% year to date"
It's called the FRBNY, yall should get one, they're nice.
"60% of global market cap, insatiably consuming the rest of the world's resources and manufactured goods all the while."
The US produces debt. Do we have to do EVERYTHING??
gjp- catching on yet, genius? Duh.........
im gonna take a shot and said he hedged that call 3-for-1 with short-duration calls he planned on ripping off just as soon as we got to the top-end of the newly established down-trend we have begun forming.
except, oooops, he forgot to say that at the time he made the "call"
does his mommy know he doesn't shave?
imagine she's appalled if she did
Gartman, do you ever get of tired of being wrong?
http://www.youtube.com/watch?v=4VFjs--hP18
I think the real discussion should be whether this is a market at all.
What's there to discuss? Anyone but an idiot should see its just a completely rigged hand-held shitshow.
Gartman!
US Citizen, Press TV reporter dead in car crash near Syria 2 days after Turkey calls her a spy
http://wtfrly.com/2014/10/20/us-citizen-press-tv-reporter-dead-in-car-cr...
Magnetic trees again!
Dang Ahmed... where did I put that nail gun? Ah... just crash the car into a tree then.
Guess no one told him about the $200 billion per quarter? PRINT TO INFINITY AND BEYOND!!!!!!!!!!!!!!
No way this guy could be this wrong all the time, he's an operative....has to be.
good point, even a broke clock is right twice a day.
DJIA is bouncing off the 50% fib retrace as we speak
IBM, Mcdonalds and Coke all stink up the joint over the past two days, and apple reports solid numbers as expected and the S&P is up 45 points in less than two trading days. It's amazing the tight range that stocks trade in after ramps given that the S&P generally stays within a five point trading range following the ramp sessions. If humans were trading, they would take some profits. It shows how the market is driven entirely by liquidity, and it doesn't even function like a market anymore.
Muppet-TV, LOL.
Golly, he seemed so sincere.
"Creating capital losses for you now, and well into the future." Thank you for your support - Dennis & Tom - Gartman & Stolper
www.traderzoo.mobi
Gartman - such tool. That was the bottom to buy for a run to 2200 SPX at a minimum.
Should Gartman have a crystal ball because he's so accurate at being so wrong all the time... perfectly opposite ... or a jester's hat?
Opinions are worth what you pay for them. This mutt charges people money for this sage advice.
I say cash, pm's and stuff you can use. Don't need no stinkin debt.
--Permabear Joego
Paging Dick Bove Paging Dick Bove
S&P 2500 coming soon to a theater near you.
Didn't he make the same statements at ES 1300?