we're going to go to bitcoin with dennis gartman. organic revenue growth speak still more buoyant economy. dennis: one would think so. one would also think ge would do well in a buoyant economy. let's give applies to honeywell for what they have been able to do. i was a buyer of ge two weeks ao and stopped out after two-point loss. gartmanneed a banner, was wrong. we would show it too much. [laughter] whereow we go to bitcoin gartman has been wrong, actually, i have been wrong as well. we really try on surveillance to have a cross-section of guests. thank you to tyler and cameron winklevoss for being with us yesterday on bloomberg radio. they are in the bitcoin market. television is covering bitcoins movement 20 47. is skyrocketing. this is madness, but when it stops is anyone's guess at this point. peter hooper is with us from deutsche bank, and dennis gartman as well. we have seen this before. what will be the adults in the room for a hyperbolic bitcoin price move? dennis: i expect we will see the fed or the comptroller of the curr

the traders have one name in mind >>> later, one of the biggest bitcoin bears on wall street, dennis gartman, is here. he's got a big warning for retail investors >>> first we start with chaos on capitol hill as it took down stocks again, the dow sinking and ending the day down triple digits this as protesters in d.c. has emerged as uncertainty swirls around the final draft of the tax bill ylan mui is on capitol hill for us tonight >> reporter: scott, this is really democrats' last stand to try to block this tax bill they stormed office buildings here on capitol hill today they were chanting "tax the rich, not the sick." they also said, "kill this bill, don't kill us. we saw the protesters sitting down on the floor, trying to block the entrances to lawmakers' offices they were blocking the hallways as well. we saw several people getting arrested, about 300 protesters at all were expected here today. they were targeting lawmakers who represent swing districts, republicans who might be representing purple districts. for democrats, this is really now more about just the tax bill they now are lo

dennis gartman called at it silliest trade in the market >>> plus dan is warming up to pitch the one stock he's calling a screaming buy. we'll give you a hint. it's up 35% from its recent lows, the name when "fast money" returns. cable. just like some people like pre-shaken sodas. having their seat kicked on an airplane. being rammed by a shopping cart. sitting in gum. and walking into a glass door. but for everyone else, there's directv. for #1 rated customer satisfaction over cable, switch to directv and for a limited time get a $100 reward card. call 1-800-directv. >>> welcome back to "fast money. time for an instant replay back in july, dan said at&t was headed higher. >> it looks like it just made a new 52-week low today. it's got some support, down about 10%. with that 5.5% dividend yield, i see 10% worst case scenario downside over the next year. that dividend yield is a nice cushion. at 36 bucks, i think you buy at&t i bought some today. >> it's been a bumpy ride for the stock but still up 8% since that call. >> i'm in the same outfit, by the way. >> i think at the time, you

funds to be approved >>> let's talk more about cryptocurrencies in the new year joining me is dennis gartmann the cnbc news line buy or sell bitcoin? >> stay away from bitcoin it makes no sense i won't trade it i won't be long of it. i won't be short of it i'll say i understand the rationality and the wisdom behind the blockchain. but the non-common sense of having some sort of an asset that has no asset value behind it leaves me on the sidelines. it's something to watch. incredible to see the public involved in it on the long and short side but i've been a professional for 40 years, i'll leave it to others wiser, more courageous or more stupider than i to trade in that >> even if bitcoin is not way to play this specifically, do you believe that in the long-term we're moving towards central banks embracing digital of cryptocurrencies >> they will embrace it only because they'll be forced to do it will bitcoin ever be used to buy houses, cars, to trade government securities? to pay taxes in? i have my doubts likely not in my lifetime. >> dennis, that means 50 years or so it won't happen. >> o

the traders have one name in mind >>> later, one of the biggest bitcoin bears on wall street, dennis gartmane. he's got a big warning for re

i love what dennis gartman said, taking a direct shot at "bloomberg surveillance" -- bitcoin this, and doing more bitcoin this and bitcoin that. the focus seems to be on the excesses of bitcoin in china. financiale a set of instability for the chinese leadership? robin: you're going little bit beyond my ken. my instinct would be to say part of this rise in bitcoin is to do with the fact that we have some large anticorruption drives in key markets across the world. china has been going on for a a while. you have saudi arabia as well. could knows what may come -- who in theset may come tightly controlled government. so some people may be looking to hide money, to be frank. so i am wondering how much of my world is spilling over into the bitcoin space. if it is, from the chinese standpoint, having impost control on the shadow banking side, it will worry them that a new risk has come a long that they will also have to tame. tom: this goes to my book of the year last year, the idea of sweden leading the way, and india as well. do you assume that if it is a new cash alternative, at some poin

we're also joined by bitcoin bear, dennis gartman from the gartman letter good to have you here.tart with you you're a believer but you're concerned. outline your case for me how you feel about bitcoin right now. >> i've. lo been looking at the market for three years. i'm generally considering myself a bitcoin fan and crypto bull. the action of the last two days has made my eyes water. >> why do you think it's happening? >> what's been contributing it to this recent run-up is the announcement by the cme, they're going to launch bitcoin futures. >> what will lap sundhappen sun night? some traders are saying they're licking their schopchops, can't to get to the futures exchange because they can short bitcoin. >> it's difficult to short a lot of the ekt changes are unregulated. would have to lend bitcoins to someone to do it nobody wants to do that. >> you saying it went up because the move legitimatizes it or people are buy it so they will be able too hedge eventually -- >> i'm saying the move has gone up because it legitimatizes it and hedge eventually -- >> i'm saying the move ha

joining us right now is steven wieting, who is citi private bank global investment strategist and dennis gartmander, editor and publisher of "the gartman letter. gentlemen, welcome to both of you. >> good morning. >> good morning! >> good to be here. >> let's talk about super short-term trading first, just because of the wobbles we saw yesterday. markets sitting at new highs until it looks like marco rubio says he may not vote for this bill what does this tell us about maybe the next week's trading, while we see this kind of hashed out? >> it's still a bull market, isn't it but yesterday's activity seemed rather tenuous at best in the manner which it sold off later in the day was i think not a strongly bullish sign. you still have to have a side of owning stocks. it is a bull market, but i don't think one needs to be aggressively long at this point. price to earnings multiples are high, price to book is high, price to almost anything is high be careful. >> what are the odds you're kind of figuring on whether or not the tax bill gets passed i've kind of written it off as something that will happe