with us, dennis gartman. the gartman letter. our own ron insana and robert frank. dennis, you agree with stan, don't you? >> actually when i was listening to stan this morning and i thought it was an amazing interview, and, yes, i tend to agree with him. i don't want to sound like a bolshevik. but he has done what the president wanted not to get done. we have seen a redistribution of wealth from the middle class, from the lower class, to the upper class. it has to stop eventually. this is not a good thing. that's exactly what's going on. stan hit the nail squarely upon the head. i know it sounds like a bolshevik but that's what's gone on. >> ron insana, how do you see it? >> stan is an old friend of mine. i have enormous respect for him as a money manager and intellectual in the field. as for dennis as well. i would say this is a temporary effect. certainly low rates are a tax on savers. when you're talking about income inequality and redistribution, if you look at globalization, technology, if you look at education, a whole source of structural and secular shifts t

let's jump off on the points with a final word from our guest host dennis gartman. japan, that is a real interesting point. >> that is interesting he brings that up. >> i've been bearish of the yen for a long time. we're seeing the yen breaking down dramatically not against the u.s. dollar but the canadian dollar, australian dollar and if you take a look at it, i can see 20 big figures in the not too distant future. it's interesting they didn't bring it up, this meeting. it tells me that they're okay with it. >> they're either okay with it or things are so much more focused on syria and all the events that have kind of taken over. >> the fact is if they're not talking about it, i think japan wants to see a much weaker yen to begin with. they left them off the hook. you're going to see a much weaker yen because of that. >> that is something to watch. >> i think so. >> i think so, absolutely. >> let's talk about the bond market. that's the action that we have really been watching so closely. with the ten-year pushing back above 3% right there right now. i said this hu

we will have dennis gartman the commodities king. he is bullish on stock, more bullish. this is the futures now, you don't want to miss. >> jackie, we won't. 1:00 on cnbc.com. up next, ackman moving on. is it a reason to boy the stocks? whether ackman has the touch. inside this year's hottest way to trade. we will get a look at what etf investors are boying with one of the industry's biggest shops. . female announcer: female announcer: save up to 35% on a huge selection of clearance mattresses. get two years interest-free financing on tempur-pedic. sleep train's inventory clearance sale is on now. ♪ your ticket to a better night's sleep ♪ . >> we need a big win, the current ceo will step down in 2014. is all this news a reason to buy the stocks? murphy the bear, a buck 30. stephanie make your case. >> i love the fundamental also. they have good exposure to growth end markets like auto and housing and electronics. they also have a good exposure to the national markets, about 57% of the total revenues outside the u.s. that's where i think you want to be in 2014. most impor

gartman letter editor dennis gartman thinks the bias against the banks are not healthy for the economydodd/frank which was three years ago, everybody agreed. republicans and democrats. that we had to end too big to fail. that was one thing we agreed on. didn't afwree on a lot of other things. we agreed on that. i think it's pretty clear the banks are still too big to fail. >> yeah. too big to fail, even though the regulations and sort of dodd/frank is trying to separate riskier businesses from plain old deposit businesses. it's still -- you say it's still too big to fail. >> the one that was going to separate risky business, the volcker amendment, which is still not passed, what looks like it's going to be very weak. we still have that. the key thing is we have some banks in this country that just about everybody that observes it says they're still too big to fail. we said we weren't going to have banks that are too big to fail. >> dennis? >> the question will be how can these banks fail at this point? we have a banking system in the united states now as liquid as we have ever seen our

. >>> let's get to dennis gartman. we want to talk gold at some point. that got really interested last week, dennis, on the nontaper. that day, it looked like it might be going below 1300 and then it went up $80. >> what was really interesting is everybody was talking about those miliseconds. what was fascinating was that gold rallied lmy eied $25. before that, it moved up. all of a sudden, gold started to move and everything else moved after the announcement. somebody knew something long in advance of that. >> it hasn't held up and we know that they're going to taper some day, but then again, they may skip -- no, we don't. maybe we don't. because that's the other thing i was going to reference was yesterday i saw someone -- and i don't remember who it was, but 2.1% on the ten-year at some point next year. which is -- that's counter to what is consensus. but that would forecast a really bad economy, right? >> i don't want to think about what happens at 2.1, what will require economically to get it to 2.1. >> a 50% retracement. >> bonds broke out this past

dennis gartman, buy gold, buy stocks, short the dollar. what else, dennis?to get to buying gold. you had a huge rally overnight. it has already given most of the gains up. stocks on the other hand are doing better. likely to continue to do better. it's amazing that falling on your sword as mr. summers has done is this supportive. indeed, it is. stocks are going to run strong. the dollar, i'm quite convinced, is in very difficult circumstances. money is moving away from u.s. dollars. it is finding its way into nonu.s. dollars dollars. it is finding its way into the aussie and the kiwi. it is finding its way into canada. that is likely to continue z if we hear yellen is not a certainty, my sources say she is not. does this all turn itself around again in the markets. >> i'm really not sure. i have a sneaky suspicion. first of all, let's say miss yellen clearly is the front-runner. she may be nothing more than a stalking horse. we heard mr. cramer talk earlier about the fact that mr. fisher's name is in the hunt. that's pronbably a logical name except for the a