Dennis Gartman, the economist and author of The Gartman Letter, sat with Alix Steel for a three-part interview this week, republished belowNEW YORK (
Long, but Not Too LongGlobal markets have seen strong rallies since the beginning of the year. Year-to-date, the Russell 2000, an index of small-cap names, is up 7.8%, the S&P 500 has risen 3.2%, the Nasdaq has popped 4.1% and the Dow Jones Industrial Average has added 2.1%. Some more bearish analysts are forecasting a 7% to 10% correction in the coming months, arguing that stocks have run too far, too fast. TheStreet: Do you think that this bull market we are seeing right now is for real? Or do you see a big correction coming up? Gartman: Anybody who has tried to be short of stocks since last March gets led to slaughter. And all I can tell people is that even I try to be short
The Euro Is DoomedThe euro has fallen 4% against the U.S. dollar since the beginning of the year. According to many analysts, the sovereign debt crisis in Greece and its rippling effect on other European Union countries will continue to weigh on the currency. On the flip side, the U.S. dollar has been making a steady recovery. The U.S. dollar index has risen from $77.52 to over $80 since January. Currently the dollar is the most popular reserve currency in the world. The euro was set to be a strong competitor. Now what?
Gartman: Euro Is Doomed
Don't Fight the Trend on Gold
Gartman: Bullish on Gold