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A Warning For Bears: Gartman No Longer "Aggressively Bullish", Is "Forced To The Sidelines"
Following the recent swoon lower in the market (just as predicted last Thursday in the latest forecast by JPM's head quant Kolanovic and as we reported in "JPM Head Quant Is Back: The Rally Drivers Are Gone With "Downside Risk" Ahead"), bears may think they have the upper hand.
They may want to think again.
Here's Gartman with what may be the clearest sign the recent weakness if due for a pause.
We end this morning with this severe warning: We fear we have missed the top of the market. We fear we have been bullish over the course of the past several weeks… indeed rather aggressively so… and did not pay sufficient heed to the warning signs of lesser volume, the peak in the CNN Fear & Greed Index, the manifest breaking of trend lines and the warnings of others that something was amiss. But above all, we fear we have missed the warning that the commodity market were shouting at us. All of that forces us to the sidelines; all of that mandates that at best we are to be neutral of equities at this point; all of that is to be taken, very, very seriously. We are not wise enough to say that a bear market is now upon us, and indeed we are wise enough NOT to say that but discretion is the far better part of valor and the safety of the sidelines after several weeks of real bullishness on our part is to be sought.
You have been warned.
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i don't see how that guy has any aum left
Teh we is mildly bearish on everything in Bitcoin terms.
https://localbitcoins.com
People here are friendlier to the Christian than the BitCoin peddlers; praise God!
Look. Stop junking teh we you goddamn douchetards! If someone comes fulled brim with Satoshi honour (and carrying flowers) and you dishonour teh we is direct assinsult to Satoshi!
Shutup, fonestar.
A broken clock is right twice a day. Maybe someday he'll get that good.
maybe this is his Andy Warhol time - maybe ~
Gartman's clock has gone all Dali on him...
If I had 100+ acres of land, Id be taking delivery of WTI futures contracts hand over fist. Id gladly exchange worthless FRNs for an insane amount of crude barrells at $40 a pop. Sheer lunacy.
not if you keep manually rolling the hands around
This guy confuses me more than my teenage daughter's texting language.
Looks like he dropped a load in his pants and then sat down.
https://www.youtube.com/watch?v=mmi96F6Sfmk Go to 1:35
"we are pleasantly full of shit"
It is meant to confuse because it is sexting.
He was obviously taught at the Federal Reserve Chairman School for Verbal Communication. I recall Greenspan being one of the famed alumni. Say as many words as you can while obfuscating furiously.
Stay on the sidelines. That's good. So 50% chance either way.
"Forced" to the sidelines... is it time for the voluntary vs involuntary reaction argument again?
Sooo much money on the sidelines. That's bullish according to CNBS.
Time to buy everything then!
Although, of course ready to sell everything when he flips in a weeks time...
I am buying everything and selling equal amounts of everything else. It's a new form of derivative trading. Plus I am doing it so fast no one even sees the trades. It's a new form of HFT. I am combining the zero value invisible trades It's like ZBHFDT (zero balance high freq derivative trading). I call it singularity trading.
We call it "the new FED normal".
<<< Next week, Gartman is BULLISH
<<< Next week, Gartman is BEARISH
<<<<< BOTH
<<< BULLISHLY BEARISH
<<< BEARISHLY BULLISH
We could go on all day and with Gartman they are all logical answers ....
Buy retail signal.
Gartman is contrarian indicator correct?
Whichever the case I've been ultra short the past six weeks with my last few $k in the market.
Please let Dennis Fartman stay at the sidelines and let him shut up forever. A chimp can predict the markets better.
That not correct logic. Gartman can predict the market direct reliably. Unfortunatly, his polarity is wrong.
https://www.youtube.com/watch?v=mmi96F6Sfmk FARTMAN - the last two are either real funny and/or real disgusting. (Start at 1:25) Lord forgive me.
He makes money on fees and doesn't give a crap as long as his sheep stay loyal.
Not only is it his reactionary trading style that catches him flat footed the wrong way time after time, but perhaps even more grating to sensibility is his arcane puffed up use of the English language e.g. the royal “we” , “manifest breaking of trend lines” “we did not pay sufficient heed’ etc etc. Why doesn’t he just say in plain English, “I ignored every technical signal in the market staring me in the face if I bothered to look but I didn’t. I am just an old fool. In truth I should not have any clients as I don’t know what the fuck I am doing.”
Dennis, your overuse of the royal "we" has US concerned, so,
WE are agressively plugging your mouth and anus with bullish cocks and dildos in Greek and French terms, and you, all of you, your multiple yous, are loving it in LGVBQ homosexual, white-guilt, University of Missouri terms.
Time to get those longs; Gatrman has spoken.
In UK vernacular: a right prick.
Conservatives, doin' what they does best, which is conservin' their wealth.
Tyler seems to really despise this clown... did GartFart rape his poodle?
Tyler does not despise him, Tyler likes to have a reliable indicator.
This reminds me to once again post how well my namtraG Fund is performing. (Now closed to new investors)
So, just to be clear, we were aggressively long when we should have been pleasantly short, and now we are not wise enough to say, at this juncture, if we can pluck this flower, safety, from this nettle, danger.
Good thing I'm gambling with other people's money.
I can't find my ass with both hands and a map.
-Dennis Gartman
I think Gartman's role on TV is to make the masses feel better about their failed trades.
I'm starting a an ETF to trade Dennis Gartman & Jim Cramer market predictions!
IPO at Cdn$100.oo/share...now, who wants Warrants?!
My biggest problem?
What do I call this new market behemoth??!
Dumber and Dumbest
... and as we seek the sidelines we profusely ponder the proper side of the sidelines to stand.... should we stand on this side or shall we stand on that side ... ergo we must surely stand so stand we will.
DG