. >>> sticking with taxes, we are now joined by cnbc contributor dennis gartman, to talk about all thisgood to see you. >> good to be seen. >> do you think the tax plan will be a news kind of event? >> i hope not, one always worries about that sort of thing, guy brought up a good point. i think when mnuchin brought up repatriation of a million dollars, historically, we think 17 to 19% of gdp, a trillion dollars coming back is $170 become in a one time one off circumstance. >> that has to be supportive. i would like too think if we got a 15% business tax cut or tax number, the market would take that as being optimistic. it would still move higher. it's still a bull market. until you get to vote on it and it's finalized. i think the markets still want to go up. >> let's check the trade. this is what trump tweeted today, dennis. canada has made business for our dairy farmers in wisconsin and other border states very difficult. we will not stands for this. watch! so when it comes to nafta, what -- is trump's approach flawed? are we starting a trade deal with canada? >> it is unbelievable. i

let's get to the commodities king, dennis gartman in virginia beach. some plays for us, right? >> well, i got three, one of them the announcement was i had under cover one, actually, there's two that might not be well known. let me have a chance to buy exxonmobile down about $91 to the middle '80. at these prices, i think i'd be a buyer. i like the dividend t. under cover ones are trans-canada pipeline, with i is not crude on oil. it's natural gas, it's related. give me a chance, it, too, is very sizable pleasant yield 6.8% dividend, reasonably well covered. i want to own it. then at the same time, the most important input into fracking everywhere around the world is sand. sand is incumbent in the trafficking pos says. the sand that suppliers in the united states, there are several of them t. one i like is high crushed partners. it used to have a wonderful dividend. they had to cut it several years ago or a year-and-a-half ago when crude oil prices collapsed and fracking seemed to collapse upon itself, now the fracking capabilities and production are i

let's bring in dennis gartman, ed itor edit editor. richard, let me start with you.ooks like the mark is riding along on a nice, high plateau, not moving very much up, not moving that much down yesterday even when there was a dramatic falloff. what should i expect the next few months and what should i do as a result of that? >> a large part of the market move since the election, as we all know, has been anticipatory. the new administration and tax reform and potential deregulation. so that's baked in the cake. obviously the markets are going to be watching and seeing how quickly that takes place and what the bottom line is. but the market is clearly gotten ahead of itself in that regard. if you look at the economy, no major forecaster in the u.s. globally has increased real gdp forecast for the u.s. since the administration came in. we have not seen any clear evidence of real economic growth so far, and we won't until, if and when the new policies come in to play. so we've been doing and recommending for our clients is to take a more prudent, conservative approach. w

we're joined by chris retzler and dennis gartman. dennis, i want to ask you something.ou say you just got to continue to slowly add to equity positions because that's probably what you should be doing, even though -- >> fillable market. >> because all of us have to decide what to do if we have enough disposable income to invest. >> yeah. ifrmt don't n >> i don't know something about north korea, something about the unknowns out there that scare me and wonder whether cash at some point wouldn't be a -- >> cash at some point shall be a wonderful thing to have. >> not yet. >> there's been times when i have gone to cash, every time i had done it i wish i had not. >> you had a nice selloff in the last few weeks, it's still a bull market. you should err on the side of being bullish. yes, eventually cash will be a wonderful asset to have. but not right now. >> 2.20 on the ten-year. the 2.20 didn't come from global forces. it came from domestic forces. >> >> fell below 2.20 yesterday. >> yeah. >> that seems to portend that the stock market has not been factoring in everything.