Connect with us

Hi, what are you looking for?

Jewish Business News


Dennis Gartman Suggests Staying Away from Brazilian Stocks

Fans of Brazil celebrate a goal during an international friendly soccer match against Argentina in New Jersey. Rich Schultz Getty Images

Commodities and emerging markets expert Dennis Gartman suggested staying away from Brazilian stocks, because he is not confident that the election in Brazil will have the result those on Wall Street are hoping for.  Brazilian stocks were up on news that pro-business candidate Aeico Neves is in the second place position in the polls behind incumbent Dilma Rousseff, who is ex-Marxist. He told CNBC that even though she is described as an “ex” Marxist, Gartman says “ex Marxists do not change their stripes. I am concerned with this lady being president again. I think she will move even farther left  … anyone who got excited about the fact that Mr. Neves was in second place is ill-advised.”

Dennis Gartman has noted that “steel has fallen precipitously, ” about 35% in the past few weeks. He is bullish on steel as well as aluminum, Gartman suggests buying Alcoa, a major aluminum producer which will be reporting earnings. Gartman also likes railroads. In spite of current hiccups, Gartman is confident the global economy will be strong.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.