dennis gartman joins us with his trade. plus will windows 8 be a game changer for microsoft?nd social gaming. it isn't just about zynga. we'll talk to the ceo of a competitor. live from the nasdaq market site, this is "fast money." let's start trading. we've got to start off with gold prices plunging more than 5% as traders take bernanke's comments. joe, you actually made a trade on gold. >> i think when you have the type of volume that you have today in the gold and silver futures and really in a lot of the commodities themselves, it's a type of day you have to pay attention to the price action. you had gold which made a high for the month of february earlier in the day. then actually made the low for february at the end of the day. the reasons behind it fundamentally, you can point to bernanke. i'm not sure that is the ultimate reason. but i'm not looking for a reason. i'm just looking at the price action. it tells me today a lot of folks who were long are getting out going home tonight short both silver and gold. >> some traders were saying month end squaring of the positi

dennis gartman has a major call on stocks next. >>> welcome back to the fast money halftime report.cks have been on quite a run, the s&p 500 up more than 7% this year. should investors take some money off the table. dennis gartman is reducing some of his long positions. he joins us on the fast line to explain why. great to have you on the show as always. >> always good to be here. >> why the move today? what are you concerned about? >> well, i'm concerned about a number of things. i'm concerned that jeremy siegel suddenly is very bushel on stocks. >> speaking off the barron's cover obviously. >> absolutely. but i'm concerned that i got bullish on stocks. i'm concerned that i got interviewed two weeks ago by another -- by part of the press, and it says gartman is wild-eyed bullish of stocks and it got carried in the newspapers two days ago. that's probably as good an indication as any -- >> that was a top. >> protracted run to the upside it's probably wise to say you know what? i still want to remain bullish of stocks. i still wish to remain long. but i want to take a little bit off

that's no reason to worry, according to dennis gartman.e's editor of the gartman letter, of course, and cnbc contributor. he joins us on the fast line. while you're watching this today, what should people know about it? >> first of all, judge, i've been watching the baltic indices for 15 years. i always like to think it was jimmy grant and i who brought the battic index to everybody's attention. i used to look at them as an indicator of economic activity. now i look at it as an indicator of ship owner stupidity. when the baltic index had gotten up there close to 11,000 two years ago, three years ago, every ship owner in the world built more ships. and the banks lent them enough money. they're scrapping old ships, but they're scrapping small ships and they're building enormous, monstrous ships. everybody's looking to the baltic index as an indicator of weak global economy. it's wrong. it has nothing to do with the global economy now. it has everything to do with bad banks and stupid ship owners. >> dennis, we have a difficult phone connecti

let's bring in dennis gartman.ce to see you. >> it is always great to be seen. >> which names do you still like at this point? >> first thing you have to understand is the baltic freight index is down. people talk about the rates down that much. and they are. they are indeed down that much. but it's an interesting exercise to see the fundamentals are lagging well behind what stock prices are doing. and that's something that investors need to understand. that happens many times. shipping shares are starting to move up rather dramatically. they're doing so on big volume. they rip to the upside. and yet the baltic freight index is under enormous pressure. there's plenty of move to go higher. don't be surprised if you get a correction for a day or two. but these are stocks you need to own for the longer term. >> why is there great diversions between the stocks and the baltic? >> we have a circumstance now where we're bringing enormous ships on the market. and not just enormous numbers of ships, but enormous ships. in t

dennis gartman is here. >> always good to be seen on this show. >> all right.out the weather patterns of late. are they sustainable? >> having come back from mother russia and i was there once -- i've been there many times. until you've been there at 38 below zero you don't know what cold is. but they have that in russia. it is probably doing very severe winter kill damage to the winter wheat crop. that's put it into the wheat market. then you have on the other side down in south america, unbelievably hot temperatures in argentina and brazil and drought conditions which have diminished the size of those crops. so you have diminished crop sized in south america and russia which put a bid to the grain markets. probably going to take prices still higher. >> so very bullish fundamentals for the grain market. then we see podesh and mosaic saying they use -- is there something else going on? >> i think something else is going on there. i think what you're seeing is the better use of computer technology, gps systems. now instead of having someone go out to the corn cr

that's something that dennis gartman watches and a number of traders watch now.e saw the move up in precious metals breaking the three-day losing streak but we did not see it in copper. copper in fact a fourth down day despite the fact we had the bullish builder sentiment, sue. a lot of folks say the fundamentals in china continue to be the big drag. >> bertha, thank you very much. global hedge fund assets off to a good start this year. the global median is up 1.52%. our next guest is considered one of the most influential players in the hedge fund world. let's meet today's power player, barry bausano, deutsche bank's head of equity and global prime finance. here to tell us how investor sentiment is shaping out and the outlook for 2012. good to see you again. welcome back. >> nice to see you. >> how is it shaping up? last year was a tough year for investors and managers alike. >> the hedge fund industrial #industry pretty robust coming out of last year into this year. i think there's a secular reason for that which is continued demand for alpha across the alm mis

dennis gartman telling me he is long gold and yen. all worried about greece, he's also worried about the monetary situation in japan. let's head over to seema for three in 30 at the nasdaq. >> biggest gainer on the nasdaq 100. good earnings, the street was happy. jpmorgan expects to benefit from favorable trends. on the flip side, take a look at clearwire. hurt by higher interest and higher tax expenses. the stock getting hit. also worthwhile looking at invid ya. a bullish outlook for 2013 that it offered last fall. tyler, back to you. >> seema, thank you very much. our power player today is one busy guy. he's brian rogers. not only does he manage the four-star rated t. rowe price equity income fund but he's chief investment officer of t. rowe price. he joins us today from t. rowe's headquarters in baltimore. brian, good to have you back. i'm having a little hard time hearing brian. i'm going to forge right ahead and assume that the viewers can hear you. i want to talk first about a subject that may be a little stray for a guy who man

why dennis gartman is turning less bullish on stocks.scott. apple's big chinese supplier foxconn now under scrutiny by an outside monitoring group. the fair labor association. fair labor was created by universities and nonprofits along with nike, liz claiborne, several other american apparel companies. this morning on squawk on the street labor rights group press for change said having fair labor monitor foxconn wasn't enough. we are now in a "squawk on the street" exclusive the president of the fair labor association live in china and visited foxconn earlier this week. mr. van heerden thanks for being with us. >> you're very welcome. >> i guess first things first, just reflections from you on what you've seen over there, and whether or not you think improvements can be made. what have you seen? >> actually seen just about everything. but incredible cooperation from the owner of foxconn. he's taken me for tours of the facility. they've had unfettered access, and i really do believe we can do something there. i think we have an opportunit