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Main » 2016 » January » 28 » Oil horror story from Dennis Gartman
Oil horror story from Dennis Gartman

At the start of this week, in an interview for one of the author of the popular financial publications Investment Digest Gartman Letter Dennis Gartman expressed the view that the oil in the coming decades is unlikely to step over the mark of $ 44 a barrel - on materials AMarktes.




Oil in the last month has been the main driver for the US stock market. And further drawdown of black gold will be a factor inhibiting the growth of US securities - the expert said.Predictions Hartmann on Wall Street is often called "contrary indicator." When Hartmann says he wants to open a long position on any asset for the main pool of investors is signalt - open on the same asset shortstop.Current forecast Hartmann about the ceiling for oil at $ 44 per barrel, analysts CNBC smartly picked up and remade in its own way - they say, everything came - the oil has reached the bottom, all are waiting for the correction upwards.

A few words about the concept of "look, as did Hartmann, and do the opposite" ... In October 2014 Hartmann said that the era of high oil prices is coming to an end and everything is possible - until the drawdown to $ 10 per barrel. Then nobody believed - everyone laughed at the financier, wondering how materials could fall below $ 70-80 per barrel. Never! However, the reality was quite different. Never say never".



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