Tuesday, March 8, 2016

US Stock Markets Are Massive Frauds, So Are Banks, How About Investment Advisors?

Thanks to frequent articles on Zero Hedge, Money Daily has been entertained by following the investment "wisdom" of one Dennis Gartman, a regular contributor on CNBC, especially on the show, Fast Money.

Now, not everybody has done well this year, but according to his own words, Mr. Gartman claims to be up 12.3% year-to-date. See below (and the original quote on ZH):

For those who wish to follow our progress, we are up 12.3% for the year-to-date, outperforming our International Index rather pleasantly and outperforming the S&P too by 14.4%. We have been quite lucky thus far this year. We are simply hoping that our good fortune thus far obtains through the remainder of the year. If we continue to “Do more of that which is working and less of that which is not”… perhaps our most important Rule of Trading…

So, after the Erin Andrews $55 million verdict set hair on fire yesterday, editor Fearless Rick sent the following request to liz@thegartmanletter.com:

I keep reading that Dennis is up 12.3 to 14% year-to-date, and I would like to know how he’s managed to outperform the markets this year.

Mr. Gartman makes bold statements that affect the thinking of many investors and speculators by his frequent appearances on CNBC.

Essentially, I think he’s a fraud and unless you offer bona fide proof that he’s ahead by what he says he is, I will expose him.

Best regards,

Rick Gagliano
Downtown Magazine

Awaiting a response, or a subpoena. Maybe a drone strike. Stay tuned.

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