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Gartman Is No Longer Bearish
In a world in which not even the Fed has any clue how to read "some" economic data while ignoring others ahead of what is setting up as the most important rate hike, a "jarring" one in the words of Lloyd Blankfein, there is one certain indicator left: Dennis Gartman. Here is the latest.
We turned openly, but moderately, bearish of shares late last week and for a day or two we appeared to have been wise in our decision. Clearly that wisdom has waned rather materially in the course of the last two trading sessions and following the Fed’s non-decision yesterday we found ourselves covering in the calls we had written against our “tanker” shares as well as covering in some of the derivatives we had had in place, thus taking our net position in our retirement funds from one that was modestly net bearish to one that is nearly net market neutral.
Finally, we find it interesting how suddenly the market has fallen out of hatred for the simple markets such as steel, copper, railroads, shipping et al and has fallen into veritable “lust” for those same industries. Here at TGL we are always far more amenable to owning these simple companies than we are to owning Big Pharma and high technology for we can count the number of rail cars moving; we can count the number of containers aboard ships; we can count mining sums and steel smelted et al. These simple companies endemic to global economic growth are and have been and always shall be our favorites. Give us millions of tonnes of cold, rolled steel any time over “eyeball counts,” “gigs” and the like.
We, on the other hand, will settle for the daily flip-flop.
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Six flags, bitchez!
Market closed up....we're bullish.
Market closed down...we're bearish.
Thanks for that chief.
no longer bearish, but remains stupidish.
"We will cautiously remain not openly stupidish, with an overt but not-reserved inclination towards suggestive leanings bullish / bearish."
Pleasantly Assholeish.....
Neutral is code for Clueless.
I'll settle for going all in.
Sell! SELL! SELLLLLLL!!!!!!!
Some times bear
Some times bull
Always douche
...taking our net position in our retirement funds from one that was modestly net bearish to one that is nearly net market neutral.
Other words, Moving positions from way under water to funds to ones that are not as bad off.
Other words, "Deck Chairs"
Two sessions maketh a trend
Fuck Gartman...
Good morning...
-Blown
Excuse my ignorance but can anyone tell me what Gartman's claim to fame is?
He is the ultimate contrarian indicator. Betting against his call is right way more often than not.
He's a comedian, with a small but passionate set of followers. Any more of this shit though and won't be long before he's the butt of stand-up's in Vegas, rather than performing as one there.
Wake up the bears.
The Fartman is at it again
I actually farted when I saw Fartman speak at a convention...tracked his "picks" for the year....ALL in the red....
THE FUCK
How did this dumbfuck every become known?
I believe Gartman was competing with Stolper for the top ranking in the Vaporizer Advisory list.
This move was simply Fed neutral, not market neutral. Who is he trying to fool?
You use the word neutral...when you don't actually know what the hell you're doing.
Fool me once shambers on me, fool me twice shambers on you.
Sell All the Things!
Gartman is a snake oil salesman.
He should join Dick Bove.
Gartman is delirious. Hes drunk on hes own ass smell.
Gartman should be in jail. He's the extension of Warren Buffet Oracle prediction years ago. This fucker will be caught conducting insider trading.
"Bearish of......."
"Covering in the calls"
Is English this guy's 6th language? Is his mouth connected to Google Translate?
Yeah. He is out sourcing his letter to a chop shop in Bangladesh.
Anyone created a Gartman indicator showing how he's the best at top or bottom ticking the market?
Where else is the fucking money going to go.
Chinese fear porn monger.
WTF, Gartman has retirement funds? OMG!
www.traderzoo.mobi
I'd take financial advice from Cartman way before Gartman!
Gartman has less credibility than Jim Cramer.
He now might be slightly bearish/bullish, but he's always 100% dumbass.
I picture Gartmans clientele as a bunch of old chinese farmers, and their wives sitting next to their CRT monitors knitting away.
It's sad that this joker can even sustain himself on the useless advice he peddles...but, the bigger idiots are the ones that actually have him come on their show for an interview...
CNBC fool along with Cramer. Fools,fools fools.