In this segment, D. Gartman went full southern ‘hog-wild’ on his predominantly northern audience. He got on the teevee, looked at everyone with a straight face, and ignored his previous calls of crude oil trading down to a wooden nickel, or that (crude) ‘would never trade to $44’ in his lifetime, and suggested, instead, that bankers and frackers alike would be pleased with $42 crude. Moreover, he boldly suggested that crude would be range bound from $32-$42, utterly and entirely abandoning his previous call of it delving into the pits of hell at $15.
Fake books in background: check
Sleepy southern retard look: check
Creepy hand gestures whilst doling out bad advice: double check
Spring chic tie: check
I give you The Gartman.
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So all we’ve learned is that oil will be somewhere N0T between 32 & 42… Interesting
yup, looks like oil will likely be in the $43-50 range until the economy collapse, in which case it will drop to $31
Gartman must have read Tom Kloza’s call on Oil to stay range bound bw $45-$35, and for plagiarism purposes, unfolded a $42-$32 range.
Dartman!
No investment blogger makes me laugh like senor tropicana….you are truly gifted, sir.