Here's why emerging markets scare me, but here's what terrifies me: Gartman
Brazil, Argentina, Turkey, Egypt… the list goes on and on of countries that are seeing their currencies and markets get hit all at once.
"If it were just Turkey, we could deal with it," says Dennis Gartman, editor and publisher of The Gartman Letter. "If it were just Venezuela, we could deal with it. If it were just China, we could deal with it. But, you throw them all in the pot at one time, you've got a problem everywhere… This is very real."
DYI Comments: NONE"The real reason that we've gotten the stock markets to tumble as strongly as they have are these problems all coming in one fell swoop at one time. It's quite serious."
No comments:
Post a Comment