Dennis Gartman and the Awful Financial Media

In this podcast, I "shall" rant about how Dennis Gartman recently took offense to Zerohedge simply pointing out the fact that he is consistently wrong. From there, I dovetail nicely into a critique about the financial media that all started when a CNBC anchor cut me in line for a sandwich at an investment conference in 2013.

 

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Comments

GoFuqYourself IPA Sun, 07/22/2018 - 14:21 Permalink

Deep state makes another threat on Trumps life, by turning off the lights while he pledges loyalty to them.

https://www.rt.com/usa/433539-lights-go-out-secret-services/

 

Also, secret service agent on Trumps detail while visiting Trump Turnberry Scotland, dies a couple days ago, reports are he was a food taster and physical screener.

 

Get ready, looks like they may take him out soon....

In reply to by IPA

monopoly PrezTrump Sun, 07/22/2018 - 16:22 Permalink

ZeroHedge is not a permabear. ZeroHedge give us the facts that you do not see on MSM. And never will. When was the last time they told us to short a stock, or not buy a company. They print what is the truth. OK, every so often even ZH goes off the deep end but just because they see the planet thru a different lens, does not mean they are a permabear. And even if they were, they would not broadcast that. There are many of us who have missed this insane ramp higher. We try to use facts, a bit of intelligence and history. All wrong in this insane world of printing money. 

So while ZeroHedge is not always right, and does not claim to be they give us news and thoughts to ponder. We all make our own decisions based on what we see and read. You want to rip an entity. Got an easy one for you. CNN!

In reply to by PrezTrump

ZIRPdiggler monopoly Mon, 07/23/2018 - 01:41 Permalink

ZH should be part of anyone's information palate but seriously: when was the last time you ever hear anyone on ZH say "sell" (gold). It's just the flip side of things. All the gold shills and gold salesmen/newsletter writers, none of these fuckers ever says "sell". Right, Peter Schiff? Their business model is entirely dependent on fear-porn. It's just as ridiculous as CNBC if you're honest with yourself. One day we will see a currency reset and gold will never go to $5000 but you can bet the same characters will be bellowing lofty fear farts out of their head-holes over the next collapse, for millennia to come.......that much I can promise you. PT Barnum guarantees it.

the fartman speaketh

In reply to by monopoly

Know thyself ZIRPdiggler Mon, 07/23/2018 - 02:36 Permalink

I suggest everyone interested in currency collapse read: When Money Dies: The Nightmare of the Weimar Hyper-inflation by a bloke called Adam Furgusson.  Its available from online booksellers.

Also Fiat Money Inflation in France by Andrew Dickson White, which is available free from various sites as an e-book and also available in hard copy if you are prepared to pay.  This is interesting because it is written before the Weimar inflation, so does not refer to the later Weimar inflation at all.

Then rush out and buy some gold bars and bury them in the garden; because if those two books don't frighten you then nothing will

In reply to by ZIRPdiggler

bigloser ZIRPdiggler Mon, 07/23/2018 - 07:51 Permalink

Actually, I was selling silver from January through June, getting $17.50-$21.00 per ounce on ebay. Now that it's in the 15s, I feel pretty smart.

And I did recommend selling silver and gold. I'll see if I can find a link to my comments. Do I win a prize?

Here we go:

https://www.zerohedge.com/comment/11938215#comment-11938215

gold/silver - should be dumped now, repurchased later, at $1050 and $13.75 or thereabout.

https://www.zerohedge.com/comment/11909633#comment-11909633

This guy's gonna eat crow when silver is $13.60.

I've held silver from 2003 and I've been selling lately as cash looks much better at present.

May buy some shiny when the price drop comes, and it will, just like in 2008.

In reply to by ZIRPdiggler

mosfet monopoly Mon, 07/23/2018 - 04:44 Permalink

ZH reposts articles from other writers (most of which I enjoy reading) but no one in their right mind can claim they have a neutral bias towards markets & commodities.

ZH has been clearly bearish on Oil from the get go and bullish on Gold & Silver for quite some time.  Yet Oil's been in a bull market since Feb 2016 and is the best performing asset YTD, while Gold & Silver are among the worst performing assets this year.  Except for the financial crisis, Silver's been trading a range between $15 and $18 for a decade now.  That's great for us swing traders but it's been a terrible investment for someone who's looking to protect their wealth against inflation.  More specifically those of us with a finite lifespan looking to realize an undervalued asset's potential.

For the award for clueless flip-flopper I'd have to pick Trump over Gartman.  The guy hand picks a Fed chair who promises to hike rates & sell assets and Trump complains about Powell doing exactly what he said he'd do.  Then Trump whines to OPEC to reduce Oil price then complains about the Dollar being too strong.  Does he not get that a weak USD=expensive Oil?  Trump pushes thru a tax cut then turns around and levies a massive tax hike on imports.

In reply to by monopoly

toady bunkers Sun, 07/22/2018 - 17:27 Permalink

Sooooo tired of  that shit!

I have a bunch of nieces and nephews, my brothers and sisters kids, that are just complete snowflakes.

"Brush your teeth"

"Oh my god! Stop telling me what to do! I'll brush my teeth when !I! want to! Or not at all! You can't tell me what to do!"

"Eat your peas"

"!#^<%$@#&> $#/>><=#!=^%$@#^&$@/<"

"The sky is blue"

"You "colorist" motherfucker! How dare you try to tell me what color something is!"

Soooooooooo glad vacation is over and I'm not within a couple hundred miles of those bastards!

In reply to by bunkers

Keffus toady Sun, 07/22/2018 - 23:37 Permalink

Hahahahaha!

I just had one of the liberal girls I work with claim that one of our customers assaulted her. I asked her for the details and found out he spoke to her in an angry tone while holding a fork in his hand.

I tried to explain to her, as gently as I could, that angry words don't qualify as an assault.

She just screamed something about Russia and Trump and walked away. 

In reply to by toady

Herdee Sun, 07/22/2018 - 13:05 Permalink

A lot more people are watching Zero Hedge now. They're gradually waking up to fake statistics and rotten, corrupt business news and politics on mainstream media. 

toady ebear Sun, 07/22/2018 - 17:33 Permalink

I'm not an active trader, but I have been tempted more than once to jump in and just do the "opposite Gartman"....

Then you think about it a little and maybe, just maybe, Gartman IS an opposite Gartman.... just saying these things, then doing the opposite himself...

Then it starts turning to a double opposite Gartman and you swear your in the twilight zone...

In reply to by ebear

de Cosmos Sun, 07/22/2018 - 15:00 Permalink

It is our burden in life to find ourselves frequently pantsed in public in view of the media and short of shorts since we have crapped ourselves several times a day as we contemplate the dire state of our Retirement Fund and the looming reality of our impecunious old age, which will surely include dining on economy cat food and non-vintage Veuve Clicquot and attempting to live on our motor yacht in our yacht club marina.

 

Captain Nemo d… Sun, 07/22/2018 - 18:00 Permalink

Gartman is  brilliant. He is the one entity in the universe who can consistently predict the future.

He is also very modest. He says when facts change, he changes his opinions. But that hides the fact that predicting involves predicting how the underlying facts, that will determine the facts like the realized market price for a security, will change so that you can make a meaningful prediction. The fact that he can do so consistently in the wrong direction means he is brilliant. I think his glasses invert charts so he sees them upside down. That is it.

artichoke Sun, 07/22/2018 - 22:36 Permalink

Gartman was consistently wrong 12 years ago.  Apparently he's consistently wrong now.  What I don't get is, why does anyone pay attention to him?  Is market advice, so easily measurable (if the advice is specific, but we are talking of Gartman ...), not meritocratic?

Yen Cross Mon, 07/23/2018 - 00:44 Permalink

  Dennis " The Penis" Gartman, unlike Tommy Stolper, and Blythe Masters, has found his Niche with " Blowhorn Airport followers".

  It's been discussed that he rides his Daughters, "coat tails".

Downtoolong Mon, 07/23/2018 - 08:18 Permalink

Gartman is outraged. Why am I not surprised?

Perhaps it’s because every third headline in the MSM involves the word “outraged” these days. It’s a popular way to feel, because, it somehow instantly exalts you above the rest. You see, if you or anyone is outraged, then surely some social injustice must have been foisted on you by inferior, inconsiderate, or selfish others.

We’re supposed to overlook other possible reasons someone might be outraged. For example:

  • They’re a myopic, selfcentered, intolerant asshole.
  • They’re a moron who blindly stumbled into their plight on their own accord without even realizing it.
  • They followed Gartman’s investment advice and lost their entire retirement fund in six months.
  • They’re being sued by Gartman for not paying the bill for his newsletter after losing their entire retirement fund in six months.
  • Etc., etc.
  •