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"We Were Stunningly, Shockingly, Stupidly Wrong" Gartman Admits As He Covers Shorts, Puts Rally In Jeopardy Again

Yesterday, there was some confusion as algos and humans tried to explain to themselves why they are buying at such a furious pace that yesterday's torrid surge resulted in the biggest March 1 S&P500 surge in history. The truth is that there should be no confusion: as we previews, and explained, first thing yesterday, "Gartman Is Again "Selling The Markets Short" Just Two Days After Turning Bullish."

The Saudis Are Pissed Off With The American Quran

The American Quran is a new English translation of the Muslim holy book, that believers believe was dictated by god to his prophet Muhammad in a serious of visions. The book aims to explain Islam to the world in a way that is not confined to the rigid Wahhabi interpretation of a typical Saudi version. The Daily Beast reports: A new translation of the Quran, with commentary, is causing a stir—and maybe something of a revolution—in the world of English-speaking Muslims. Why’s that?

This Is The Reason For Today's Nat Gas Surge

This Is The Reason For Today's Nat Gas Surge

It had been a volatile day for nat gas traders.

As we reported this morning citing Bloomberg, "it’s almost time to put that snow shovel away and get out the gardening tools", because as the following weather forecast shows, March temperatures are expected to be considerably higher than expected across the entire US.

 

This led to some abnormal moves in natgas this morning:

 

The moves even prompted rumors that another commodity hedge fund had blown up:

Electric Car War Sends Lithium Prices Sky High

Submitted by James Stafford via OilPrice.com,

With lithium prices skyrocketing beyond wildest expectations, talk heating up about acquisitions and mergers in this space and a fast-brewing war among electric car rivals, it’s no wonder everyone’s bullish on this golden commodity that promises to become the ‘’new gasoline”.

Moreover, land grabs, rising price predictions, and expectations of a major demand spike are leaping out of the shadows of a pending energy revolution and a new technology-driven resource era.

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