Dennis Gartman: The Recession Is Over

ByGreg Feirman August 7, 2009 Reading Time: 1 minute

We saw it happen two weeks ago – it’s over.

– Dennis Gartman in a recent interview, quoted in “Recession is over, says economist”, Fortune, August 6

Technicians Getting Whipsawed
July 15, 2009 Reading Time: 2 minutes

It has been a great summer so far for short-term traders as the market provided at least four multiday swings to ride. Technical analysts, on the other hand, have been flip-flopping from one indicator to another and always seem to…

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Homebuilder Index Rallies 7% On Monday and Tuesday
October 2, 2007 Reading Time: 1 minute

On the strength of upgrades yesterday from Citigroup Homebulder Analyst Stephen King and then an “interesting” interpretation of today’s pending home sales number, homebuilders have staged a nice 7% bounce over the past 2 days (Chart). The bulls sure are…

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March Rate Cut Not Likely, AAPL Earnings: The Emperor Has No Clothes
February 1, 2024 Reading Time: 3 minutes

Fed Chair Jerome Powell was significantly more hawkish than expected in his post Fed Statement press conference Wednesday resulting in a selloff in stocks. Powell said he didn’t think a March rate cut was likely pushing up the odds of…

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Blistering GDP and ISM Manufacturing Reports
February 1, 2010 Reading Time: 2 minutes

From the looks of the latest GDP and ISM Manufacturing reports, you’d be a fool not to believe the economy is in a V-shaped recovery. On Friday, The Commerce Department reported that 4th quarter advanced real GDP grew at a 5.7%…

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Is Lehman Brothers The Next Bear Stearns?
June 13, 2008 Reading Time: 4 minutes

The action in Lehman Brothers (LEH) this week reminds me of the Bear Stearns debacle that evolved from Friday March 14 through Monday March 17. It started with Lehman’s preliminary announcement of 2nd quarter results on Monday before the open…

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Americans Extremely Pessimistic On Country
April 4, 2008 Reading Time: 2 minutes

Fascinating article in today’s NY Times that is getting a lot of play: “81% in Poll Say Nation Is Heading on Wrong Track”, NY Times, Friday April 4. The 81% who say the nation has gotten pretty seriously off on…

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