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  • challenge_your_limit challenge_your_limit Feb 21, 2013 3:34 PM Flag

    dennis G 9 gartman is a baffoon

    he is the donald trump of the stock market

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    • I bet old Dennis Gartman kicking himself in the butt now. What a fool .. confirmed!

    • I see he was on cnbc today, and i see what he said. Particularly on sequestration. I sure wish i had gotten those uvxy 11 calls yesterday, even at the higher price they were going for then, i think 40 cents to 50 cents, not just the 7 puts. Even with the recovery i see the market made this afternoon. Gartman's remark below

      Yes, today I changed my opinion on stocks. I had been relentlessly bullish since last October. I continued to be bullish in November. I continued to be bullish in December. I bought the gap up in January," he said. "And after yesterday's movement, it had very little to do with what the Fed had to say because markets were moving way before the market moved down. The copper market was speaking to me. Sequestration was speaking to me. And at the end of the day, we had reversals in all the indices."

      On "Fast Money," Gartman added that he was "a little bit net short."

      "Cash is not a bad thing to be hold. I think this could be a very serious correction, at least 7 percent, and I'm not one to sit for 7 percent corrections," he said.

      Citing the Federal Reserve's hint of a shift in quantitative easing, the formerly bullish Gartman said he believed the game had changed.

      "They're going to vary the amount of money that goes into the system," he said.

      Nope Challenge, he is far from a trump type imo. Trump's an idiot carnival barker who makes his money by putting other idiots' money at risk, not his own. And he's lost plenty of that money of others. Gartner's nowhere near as far down the hole as is trump.

 
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