Get 40% Off
🔥 This hedge fund gained 26.16% in the last month. Get their top stocks with our free stock ideas tool.See stock ideas

A Bear's Take On 2017

Published 12/20/2017, 03:34 PM
Updated 07/09/2023, 06:31 AM
VIX
-
HDGE
-

As some of you may recall, when our man Dennis Gartman was asked the following question, here's what he said:

Dennis Gartman On 2017's Stock Market

Myself? I'd offer up a different answer – maybe *%#&amp! or “good ridance! Something along those lines. Because, as you’ve seen, this hasn’t been just a bullish year, it’s been a never-before-seen, unprecedented, all-records-broken kind of year with things like 12 up months in a row (never happened before).

I won’t bother digging up all the other ‘never-happened-before’ items, but they’re there. This is nicely illustrated with the bearish fund symbol HDGE.

Ranger Equity Bear ETF

And then there's the volatility, which is basically grinding around near 9.

CBOE Volatility Index

What do I think about 2018? Oh, that’s easy. I’m way less interested in stuff I cannot control (like this idiotic, fake, propped-up, phony, manipulated “market” of ours) and way more interested in stuff I can control (like my beloved Slope of Hope, which is going to be reborn in an utterly new form with the new year).

Suffice it to say, the branding of Slope as a bearish blog is going away.

Latest comments

Dirt-biking. Hit's the power band every gear right around peak RPM.
Never fight the trend Tim...lesson learned
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.