Sunday, September 29, 2013

Dennis Gartman: Nobody Stops This Rally

There are three things you can count on. You can count on the fact that the sun is going to rise. You can count on your Mom loving you. And you can count on the fact that debt ceiling talk has been discounted by the market. The economy is clearly getting better, not just here but around the world.

Ask the people working two jobs to make ends meet on how the economy is improving. They might have something different to say.

The economy is improving, albeit very slowly. Wall Street and main street have seen the gulf between them widen even more in recent years. If the economy was improving so much, why is the Fed still pumping $85 billion into the market every month. That’s why stocks sell off anytime there’s good economic news, investors love that free money. They don’t want the economy to improve too much, or the Fed might start taking some of the money away.

The trend is up, so why would you fight it until that changes? Even the government can’t ruin this rally.