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In mid-January, everyone's favorite market indicator Dennis Gartman, made an infamous prediction when oil was trading in the mid-$30s, when he said that oil won't hit $44 again "in my lifetime" Sure enough, three months later, oil "killed" Gartman, or at least his credibility, when it jumped above $44. We thought that Gartman had learned his lesson, and would avoid such bombastic forecasts in the future. Turns out we were wrong, and earlier today Gartman again appeared on CNBC, where he said that "investors shouldn't expect the commodity to break through $55 for a few years."

Tyler Durden 09/02/2015 If there is one thing more or less guaranteed to create a bullish scenario for stocks, it is the sudden flip-flop of world-renowned newsletter writer Dennis Gartman once again to a short-of-stocks position. Worse still, his fellow newsletter writers, according to AAII, have not been this 'unbullish' since the trough in March 2009. Of course, what many are missing this morning isd 120 points of The Dow's gains are due to the panic-intervention by The BoJ at last night's Japan open...Gartman: "Full-fledged bear market"... Long of tanker stocks, derivatives-hedged to a short overall equity position...(snip)

Dennis Gartman gave a blistering defense of income inequality... We celebrate income disparity and we applaud the growing margins between the bottom 20% of American society and the upper 20% for it is evidence of what has made America a great country. It is the chance...to make something of one’s self; to begin a business and become a millionaire legally and on one’s own that separates the US from most other nations of the world. ... That is why immigrants come to the U.S.: to join the disparate income earners at the upper levels of society and to leave poverty...

September 29, 2006 Did He Really Say That? In the past two weeks I was treated to two particularly moronic public statements from market experts. Last week, during an interview on CNBC, Dennis Gartman, editor of the highly regarded Gartman Letter, asserted that the storage currency of choice among drug traffickers, arms dealers, and the Russian Mafia had switched from $100 dollar US bills to €500 Euro notes. Gartman proclaimed the development to be bullish for the U.S. economy and bearish for the Euro zone. Say what? Gartman’s “logic” was that when the dormant $100 bills sitting in attaché cases,...