RSS
Home
Dennis Gartman on CNBC
Print
Email
RSS
Subscribe
Saw this on CNBC.com. Dennis Gartman is talking about the "stuff" trade. He likes copper. He thinks this is early in the move for copper. He does not want to own copper itself, but he likes copper stocks - like FCX - Freeport McMoran.
He also predicts a housing shortage in the near future.
Alcoa - always the first to start earnings - he owns this. He thinks the earnings will be awful. He thinks the outlook will 'horrendous'. He thinks it will be important to see how the stock trades when the earnings are released - if it opens 3% down, but closes positive for the day that will be an important sign. Markets bottom when bad news no longer drive prices down - that's my take, reading between the lines.
He's shorting the Yen. Long of Canadian, Australian and US Dollars against it. Interesting. Will need to look more into this.
Related Articles:
Add a Comment
