Dennis Gartman is Exposed as Just Another Blowhard

By on December 4, 2009

Fabrice Taylor, at the Globe Investor, has written a critical piece on CNBC regular Dennis Gartman who writes The Gartman Letter. It turns out that Gartman has a market neutral (both long and short) ETF, the Horizons AlphaPro Gartman ETF; a risky undertaking in the newsletter business. And in a familiar theme, the ugly truth reveals that Gartman can’t outguess the market…not even close.

Taylor writes, “The fund launch was well-timed, coming as it did just as stocks were about to start one of the greatest runs of all time. Mr. Gartman’s investors, though, are down. The units, sold to investors for $10 a few months ago, closed at $9.12 on Friday, giving the ETF a market cap of about $52.5-million.” Problem is, the market is up 30% since the fund was launched.

Source:

theglobeandmail.com
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