Gartman: Bearish on Banks, Hedging in Commodities

Wednesday, 4 Jun 2008 | 7:33 AM ET

Lehman Bros. is not going out of business, suggests Dennis Gartman, professsional speculator and founder of The Gartman Letter. Nevertheless, he is short on banks generally, because he doesn't think there is a good environment for them right now.

Commodities Rapid Fire
A look at commodities and discussing Lehman Brothers' financial troubles, with Dennis Gartman, The Gartman Letter founder

He is also short on crude oil and long on natural gas. He also remains concerned about possible changes in the regulatory scheme for commodities. In the meantime, he's making some hedges in the corn market. (See all his comments in the accompanying video).