Gartman: Bearish on Banks, Hedging in Commodities
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.
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).