Thursday, August 07, 2008

Dennis Gartman Video: Oil Prices Could Drop Below $80

Full video of Dennis Gartman on CNBC
  • Thinks oil will drop to $80-90 range
  • He's not crazy enough to try and short the market
  • Believes oil's bull run will be on ice for the next couple of years
  • Is short Toyota and long Harley Davidson - believes people will downsize their transportation (not sure if I follow that theme)

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