Tuesday, July 29, 2014

Dennis Gartman thinks Market Top could be near

Is the market really healthy when an IPO with the name EL Pollo Loco - the Crazy Chicken is a blow-out success and trades to a swift premium immediately

It reminds me so much of the late 1990's when you had goofy names, and its a wonderful company and they make great product so lets give them congratulations. But a lot of the market depends of the psychology and this just reminds of me so much of the furor, the frenzy that prevailed in the late 90's and early part of the century. Be careful.

If you want to look at chicken and have to be involved in the chicken market, go look in the Tyson's rather than Crazy Chicken.