Monday, October 29, 2018

Higher oil prices likely does not benefit the societies of the Middle East

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Wednesday, October 24, 2018

Monday, October 15, 2018

US recession could be triggered by the Federal Reserve

Dennis Gartman in has said on FA magazine that a US recession could be triggered by the Federal Reserve.

"The fuel that had been injected into the system is not being starved, but it’s certainly being inhibited. If they don’t continue some kind of quantitative easing methodology, that will be a precursor of a recession. Eventually, we should also see the yield curve move to an inversion, and six months after that a recession. Are we recession proof? Absolutely not.”

Thursday, October 11, 2018

Bitcoin has a volatility problem

Cryptocurrencies such as Bitcoin are not a smart bet says Dennis Gartman on the recent Financial Advisors Magazine article.

"The problem I have with Bitcoin is that if I go out and buy a car this afternoon with Bitcoin, will the car dealer, given an x number of Bitcoin, object to selling me the auto if Bitcoin falls by 5 percent?. I wish Bitcoin investors well, but it’s a punter’s paradise, it moves 5, 10, 15 percent in the course of a day, and until that stabilizes, you’ll have a hard time selling me on it."

Wednesday, October 3, 2018

Democrat senators Manchin and Heitkamp could vote for Judge Kavanaugh Supreme Court nomination.

Dennis Gartman on the Judge Kavanaugh and his prospects for Supreme Court nomination.

"We feel again compelled to discuss the events of last week as Judge Kavanaugh’s and Dr. Ford’s appearances made the most compelling television we’ve witnessed since the Watergate hearings nearly four decades ago. Let us be quite honest here: we were stunned by the sincerity and compelling nature of both Judge Kavanaugh and Dr. Ford. Her story was real; her appearance compelling. Her desire initially to have remained anonymous was obvious and just as obvious was the vile nature of the Left’s use of her as an attack point against Judge Kavanaugh. Initially, and before her appearance, we thought of her as a Left-wing partisan. Clearly, she was not and is not. We are convinced that was not her intention."

Confirmation confirmed ?

"Barring some further salacious rumors regarding Judge Kavanaugh’s past this week, when this is done, Judge Kavanaugh’s nomination to the Supreme Court will pass through the Senate with more than 50 votes. When the vote counting is done, but before the vote is actually taken and when Sen. McConnell quietly reports to his fellow Senators that he has the votes to win, Senators Manchin and Heitkamp will vote for his nomination too giving the vote a clearer majority of perhaps 53-47. Judge Kavanaugh will become Justice Kavanaugh but the smell… the stench… of what the Left has done shall linger for years into the future. Again, shame upon them. We are disgusted, and we are embarrassed."

Tuesday, October 2, 2018

Emerging markets are not a BUY at the moment

Developing economy stocks are not a good trade for now according to Dennis Gartman's recent comments on Financial Advisor Magazine.

"Emerging markets are markets from which you cannot emerge during an emergency. Invariably, the stuff hits the fan and when you have to get out, you can’t get out. There will come a time where, if you bought an ETF of emerging market equities, in 25 years you’ll do great. In the course of the next two years, I think you’ll do poorly."