Dennis Gartman Speaks
Dennis Gartman, author of The Gartman Letter, joined the "Fast Money" crew to discuss his take on the markets. Gartman predicts Wednesday morning will be ugly off the back of disappointing expectations from Apple (AAPL - Cramer's Take - Stockpickr). He disclosed he is short Research In Motion (RIMM - Cramer's Take - Stockpickr). Gartman doesn't think the bear market is over yet. He explained that bear markets rarely end with "V" bottoms. He disclosed he is short on balance, long agriculture and gold. Gartman is also looking to buy Potash (POT - Cramer's Take - Stockpickr) and he will continue to own wheat, corn and soybeans. He advises selling high tech and steel. Finally, Gartman declared that the US is in a recession and has been since the third quarter of 2007.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment