Something strange is going on. Heading into the Friday open, in his daily letter to "clients", Dennis Gartman said that in his "retirement portfolio" he was short the market and long gold, to wit:
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The Mystery of the One Bank: its Owners?
Written by Jeff Nielson (CLICK FOR ORIGINAL)
Submitted by Constantin Gurdgiev via True Economics blog,
Global growth leading indicators are screaming it, Baltic Dry Index is screaming it, PMIs are screaming it, BRICS are living it, and now Ifo surveys are showing it: global economy is heading into a storm.
The latest warning is from the Ifo World Economic Climate Index.
Per Ifo release:
With Q4 earnings season drawing to a close, here is a quick recap of the key issues facing corporate CEOs and CFOs based on their conference calls as summarized by Goldman's David Kostin: 1) Company managements forecast positive US GDP growth in 2016, in contrast with investor concerns of a potential recession. However, global growth prospects appear grim, particularly within commodity-exposed nations. (2) Strong domestic consumer demand persists amid industrial weakness. (3) Several firms announced large or accelerated share repurchase programs in 2016.
A video has emerged which appears to show a Yeti or Bigfoot in Russia. Is the dark hairy creature seen in the film [below] the ever elusive Yeti? Or could it just be a bear? Perhaps its some crazy hermit living in the back woods of Russia? From Epic Wildlife: Reports have been pouring from the south-western Adygeya Republic of a large creature covered in hair from head to toe being spotted in a remote area about an hour away from the city of Adygeisk. Recently a team of researchers headed to the area to see if they could catch this yeti on camera.