Fast Money's Dennis Gartman Stock Picks
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Date updated:10-15-2008

Strategic investor Dennis Gartman, author of the Gartman Letter, joined the traders to discuss whether the bottom is close in the markets. Gartman said the life of a stock trader right now is "unbelievable." "Everything I do is absolutely hedged. I am still buying bank stocks, but I am hedging it by being short the stock market," he said.

symbol name last price % change open
  • +
  • CME
    Cme Group Inc.
  • $313.76
  • -0.44%
  • $314.76

Gartman says he's buying CME Group (CME) and the Intercontinental Exchange(ICE), but he's also hedging those buys by being short the stock market.

People owning CME also tend to own: ALLBBOFLCZFCFKFSGFSIITGNDAQ

TheStreet.com Rating: C+ What is this?

  • +
  • ICE
    Intercntntlexchan
  • $108.53
  • +0.65%
  • $107.51

Gartman says he's buying CME Group (CME) and the Intercontinental Exchange(ICE), but he's also hedging those buys by being short the stock market.

People owning ICE also tend to own: ADPADSKAGNAIGBABHICELG

TheStreet.com Rating: B- What is this?

  • +
  • KBE
    Spdr Kbw Bank Etf
  • $21.39
  • -0.33%
  • $21.46

“I’m still buying bank stocks [KBE] but I’m hedging it by being short the stock market [SDS]. "

People owning KBE also tend to own: IGWKIEVAWVCRVDEVGTVHT

TheStreet.com Rating: No Rating What is this?

  • +
  • SDS
    Pt Ultrshrt Sp500
  • $36.89
  • -1.02%
  • $37.10

“I’m still buying bank stocks [KBE] but I’m hedging it by being short the stock market [SDS]. "

People owning SDS also tend to own: ABXBHPBVNCAMCEOCRESYDXD

TheStreet.com Rating: No Rating What is this?

  • +
  • FCX
    Freeport Mcmoran
  • $81.57
  • +0.51%
  • $81.75

And in commodities Freeport McMoran [FCX] is on Gartman’s radar as a buy. (Don't buy yet, he says wait for copper prices to begin to rise.)

People owning FCX also tend to own: AAPLBLE.TOCHINACTRPELR.TOEMUFMCN

TheStreet.com Rating: D What is this?

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