Dennis Gartman says that the bull market in oil is over for now, and it could be as much as 2 years before it resumes. He goes on, when asked, to say that oil could fall below $80 a barrell and that he would leave the trading in oil to much smarter people. Given the risks, there are many other trades that he’s more comfortable with right now.
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WSJ What's News Late Edition, March 15, 2010by The Wall Street Journal 15 Mar 2010 at 5:54pm
Blue chips edge higher in a nervous market; Boston Scientific recalls its implantable defirbrillators; and Continental to charge for food in coach.
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