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Gartman Does It Again: 30Y Tops 3.00%, Stocks Surge After "Bad News"
Oops, he did it again... Gartman: Sell Stocks, Buy Bonds
And this morning's terrible array of data was just what the doctor ordered to send stocks higher and bonds lower (because you sell stocks on recession-inspiring data because there is no safety bid)...
With USDJPY at 120.00 and Europe closing - we wonder how long this algo stop-run to yesterday's highs in stocks will last?
Charts: Bloomberg
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But in the modern world of investing based on central planners, bad news is actually great news. If the economy is slowing then you can count on government intervention including the Fed playing monetary games.
Recesssion data can be bullish for stocks.
Yes, with the FED using the stock market as another monetary tool all bets are off. The Gartman indicator was 100% correct when he called the breakout of the pennant would be to the downside. Up we go.
So what's the Gartman Guaranteed Return Index up to so far?
Gartman = reverse indicator
Anyone consider he is a plant or stooge?
We are talking about the BlowHorn right?
Go team Liesman!
The Gartman indicator means do the inverse of what he says.
He's just magical and he has to be a paid stooge since he can't be making money for anybody.......
That was clearly a bullish pennant, the upside angle was much steeper. Gartman is clueless.
lol
Like technicals mean anything in this charade. You're better off reading tea leaves.
what else do you have, computer programmed trades are technical.
Lot of that going on.
Especially in a world where earnings don't matter and good news is good one day and bad the next. There is nothing else unless you count Gartman's dart board.
Gartman is the only fundemental indicator we can count on. If we could get him to project technicals, a la Yamada,
then we could invert the projection and implement a strategy. Visions of tropical drinks, beaches, and chicks dance through my head.
I'd love to see the amount of trading commision Gartman has paid in his Virtual Portfolio, hes like an HFT in the wrong direciton.
Not that I care one way or another, but why does ZH have such a hard on for Gartman?
I see nothing suggesting ZH disagrees with Gartman and seriously advocates going long
Because he has been so consitantly wrong and he gets on CNBS for every flip flop.
It's uncanny really
Does anyone know how much he pays them to be in the show?
How can you agree or disagree with gartman when his opinion changes by the tic?
It takes two to make a market
With so few participants remaining, Gartman is left no choice but to publicly play with himself
I knew a 14 year old girl who won a stick picking contest by only buying all the most expensive stocks she could find. Her logic makes more sense than Gartman's. And she was successful.
Gambler at his finest
I thought the bad is good rally wasn't suposed to start until the thursday Yellen back down. Why didn't somebody tell me?
No everythings gonna be fine until thursday. After the hike all bets are off.
It's all Chinas fault though, maybe we can get that industrial production going again with another war in the middle east? Syria anyone?
Best contrarian news letter money can buy.
Gartman's. The ONLY REASON to check in on the bimbos at CNBC.
Stocks surge on ugly truths.
Have the markets found Jesus?
No, long way to go.
I'm all for genetic engineering if it means humans will change into something else soon.
Tomatos?
@q99x2
To late......................Humans have been changing into something else.....................and it ain't good
I'm gonna become a financial advisor and start my own fund called the namtraG fund. My first quarterly return for marketing purposes should be spectacular.
BTW, take another tip from Gartman
Speaking with fingertips pressed together makes you look intelligent
The wife likes the fingers-together method too...
And fill the background with shelves of law books.
That might be going a bit over board for his wife.
How's that <buy ES at 12:00 AM / sell ES at 4:00 AM> strategy been working out Tylers?
You can tell by the look on her face that she is thinking; "this guy is a real retard but I'll pretend like he is an expert because my employer tells me to".
This is the reverse shemitah short squeeze!
Is it just me, or hs the value of the content of these posts been slipping?
Much like Ben Kingsley's Character of Trevor Slattery in Iron Man 3, Gartman is just an actor playing a part.
Trevor Slattery: Ah, well, I had a little problem with... substances, and I, uh, ended up doing things, no two ways about it, in the street, that a man shouldn't do...
Upper left to lower right??? Turn page around .... see I'm still right!
Only in Yen terms.
Will bonds soon have the value of Confederate dollars? Buy more nail gun stock.
It will run until there is nothing left.
And one hooked nosed bastard walks away from the table with everything.
why does ZH have such a hard on for Gartman?
The reason is that Gartman has been giving his recommendations in Euro and Yen terms only and selfishly completely keeping his analysis of the Thai Baht and Vietnam Dong to himself. If he only opened up to let everyone know what he recommends in terms of the Baht and Dong, ZH would go easier on him.
Long Dong
I wonder what he does when he gets margin calls for his virtual stock portfolio
I love Gartman. He said short stocks through FOMC as well, guess we know what that means.