It would be funny if someone wasn’t actually spending money on the newsletters.
Gartman from November 19 on CNBC “Dennis Gartman doesn’t see froth in stock market“:
“… the simple things of economic growth, I don’t think there’s froth whatsoever.”
So… long of froth in economic growth terms? Got it.
* * *
And contrast to Gartman from just ten days earlier, November 8:
“Now with the S&P forging a massive reversal to the downside, we not only must abandon being bullish we must become bearish… and very so…. Our bearish friends, having been wrong for so long, are now right; it is time to be bearish of stocks, while the time for having been bullish is now past… We trust we are clear. The game’s changed and when the game changes, we change…. We had heretofore consistently erred bullishly of simple things… of coal; of steel; of railroads; of ships and shipping… but we are not now.”
But “are” 10 days later?
Oh well. There’s one born every minute.
via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/lvOhakeLhOE/story01.htm Tyler Durden