and dennis gartman, he says this is all far from over.nd he's on the show again today. straight ahead. ♪ it's the -- it's not over. ♪ this love is sofi made it so easy to pay off my student loan debt. they were able to give me a personal loan so i could pay off all of my credit cards. i got my mortgage through sofi and the whole process was so easy. ♪ express yourself ♪ ♪ ♪ express yourself ♪ ♪ wanna lose weight and be healthier? it's time yourself ♪ for aerotrainer. a more effective total body fitness solution. (announcer) aerotrainer's ergodynamic design and four patented air chambers create maximum muscle activation for better results in less time. it allows for over 20 exercises. do the aerotrainer super crunch, push ups, aero squat. it inflates in 30 seconds. aerotrainer is tested to support over 500 pounds. lose weight, look great, and be healthy. go to aerotrainer.com. that's a-e-r-o trainer.com. ♪ stuart: look, i'm still seeing plenty of red ink for the major indicators, but some of the volatility has calmed down a bit, and it's t

and blind hope, and dennis gartman joins me now. t with this. you say a bull market will end in tears. take me through it. how does it end? how does it end in tears? this. >> well, the problem lies in the fact that you have this enormous fight going on as you were just explaining to the public. the public is winning at this point, or at least a small number of people in the public are winning, and the losers are a number of hedge funds and a few large traders who have been short and with justifiable reason people took a short position in gamestop because it was a losing company. it was losing hundred for years. it's a, it was simply not -- ited had very little value, to be quite honest. but the problem was today had, what, 100, 140, 150% of the outstanding stock was short, and that's always a problem because when you're short, you have to eventually buy to cover that position. that's always buying pressure underneath the market, and people were adding into the losing trade, averaging into a losing position, doing something that, i th

dennis gartman on gold, i believe we do that in the next hour, and dollar, not much. sterling has my attention. they be the bank of england has shares in gamestop. francine: maybe. what i am most focus on -- focused on, an official told me that the ecb has the necessary tools to avoid further strengthening of the currency, and the euro fell on the back of that interview. that certainly had my attention. treasury yields holding steady. we find out more about the fed today after its first meeting of 2021, dollar edging up, bitcoin dipping below the 32,000 level. what is important about bitcoin, or the headline they grabbed my attention -- not sure what to make of it -- that anthony scaramucci was making a comparison between gamestop and bitcoin. we spent a good amount of time talking about that. tom: go back to the board with gamestop on it. gene frieda wired up with this, and we have now broken out to a 3.12. thank you for that screen, tanya. that really helps. we are losing perspective on this. i'm not going into gamma derivatives, but we have gone from 1.47 to 3.12 a

tom: dennis gartman killing at the other day. and steen jakobsen at saxo bank it was brilliant as well. francine alludes to silver, and for you and me -- because lionel is way too young to remember this -- silver thursday. it was 40 years ago, folks, where the hunt brothers cornered the silver market. are we just back to good old cornering of markets? marcus: precisely that. clearly this is exactly what people have done. they work out where it is easy to squeeze, and it is just good old squeezing of markets. it is just -- in the sense, it is little guys saying an evil hedge fund, who creates a position, it is just -- it is fascinating to watch. the markets do seem to be working in the normal sense. tonka lionel, in 1980 that was not reddit or twitter or social to help the hunt brothers. how do we manage the social now, or is it what it is? lionel: can i take you back even further, tom, to 17th century amsterdam, when you had -- as the bitcoin of the day and the east india company? the east india company was the gamestop of that t

jon: dennis gartman. alongside tom keene and lisa abramowicz, i am jonathan ferro. stocks to watch this morning up, up, and away. now just 40% on american airlines premarket. let's get to the story for the broader market fulton equity futures fall back on the s&p 500, down 11. unbelievable in the last couple of days -- apple, anyone? microsoft? euro-dollar, 1.21 in a bond market year. down to basis point. tom: 12 minutes away we have the labor report. jon: jobless claims just around the corner. tom: i was at one of my fancy breakfast yesterday where i hold court with an entourage. i got a phone call from jon ferro, so i had to take it. he's screaming at me, "tom, forget about all these pundits, get us a rocket scientist." we got close. esther gartman -- mr. gartman. now james angel, he is at georgetown. jim angel, what is so important is that he is a rocket scientist, engineering out of caltech. his brilliance in mathematics at berkeley among others. we are thrilled that the finance professor could join us this morning. i have to go with you, jim, about whether you

. >> you have the bubble gang legacy guys like the tulip mania dennis gartmans or nouriel roubini, orden poll entomologist, peter schiff, these guys have been wrong for months, years, decades. charles: jayson williams threw down the gauntlet. europacific peter schiff joins me now. the pair join me. i want to begin with you, jason. you called out peter and the others. why are you upset about the gold crowd and what their opinions may be on bitcoin? >> you know, look i think they have got it wrong and i'm, i'm watching gold be kind of drained of its market cap and, i actually believe over time in the next say, 10 years that bitcoin will surpass gold's market cap. charles: peter you know, i've been reading on social media where this whole thing, you actually started this whole thing. many are saying that you're jealous. gold has lost its luster. it is, the arguments are great except bitcoin fills those arguments better. >> look all about it coin is the latest iteration of fool's gold. anybody buying it ultimately will be a fool. sure if you bought it and it went up you have the opportuni

so i appreciate that whereas you have the bubble gang, legacy guys like the tulip mania, dennis gartmansl roubini or the gold entomologist, peter schiff. these guys have been wrong for months and years and decades even. so i have to give jamie dimon props. the institutions are here. charles: all right. well, you know, those guys come on the show too. i understand they have their opinions but to your point bitcoin now has taken off, it has captured the imagination after large swath of this country. every day a large name on wall street joins in so where does it go from here, jason? >> i think we have an interesting phenomenon going on. if you stack rank by market cap major companies, listed companies and you add metals to it you're watching bitcoin take out these household names one by one. recently bitcoin took out berkshire hathaway. if you see bitcoin reach jpmorgan jpmorgan's target of $140,000 of bitcoin, talking about a market cap of 2 1/2, $3 trillion, you would essentially eliminate, you would be eliminating apple and facebook and saudi aramco and microsoft. it would be amazing. s

dennis gartman says it will end in tears. gamestop, that is not a spac.lative froth. the other story is microsoft. they report after the closing bell today. the stock is moving up as we approach that earnings report. it actually hit 233, a record high earlier today. the results come 4:00 this afternoon. times up for me. neil, it is yours. neil: stuart, thank you very much for that. could explain lower than normal volume in issues. waiting for microsoft. tomorrow, waiting for apple. that could be the first company to report 100 billion-dollar revenue quarter. maybe highest earnings than any company in u.s. history. that is tomorrow. microsoft is today after the closing bell. i want to thank first my friend david asman, who is monitoring the same developments in my absence yesterday. what he is talking about then we are talking about right now. the nasdaq, attention it is getting. it is getting too much attention? read from dick grasso the guy who once headed the

dennis gartman our markets guy, dennis?mocratic sweep in georgia, aren't you? >> i'm very much so. the numbers switched rather dramatically in the past 48 to 54 hours. if you asked me last week i would have said probability is odd that republicans will one seat, lose one seat, maybe even win both seats. now it looks like they're going to lose both seats. if that happens that will be deleterious to the economy, dell terrorist to the country. terribly deleterious to comments on pronouns? amen. >> thank you very much indeed. try to quantify this. if the democrats win both seats in georgia tomorrow, in tomorrow's election what happens to the market tomorrow and wednesday? >> well the first thing is all of the committee chairmanships go to the democrats. imagine having mrs. harris and others like her becoming committee chairman? that will be tear bring disconcerting. i think it will be detrimental to stock prices. markets eventually may like it six months from now, it will be so expansionary we'll become like venezuela and stock

gregory, dennis gartman and ryan payne, great to see all of you. much more ahead this morning.n new york congresswoman nicole malliotakis talks about the importance of today's georgia senate runoffs. next hour, jason miller on president trump's election battle as congress faces an uphill climb to certify joe biden's electoral college win and texas congressman hen cry hy cuellar talks about the political implications of georgia's runoffs. joining the conversation all morning of long, john jon jon hh and liz peek. you're watching "mornings with maria" live on fox business. ♪ tasha, did you know geico could save you hundreds on car insurance and a whole lot more? hmm. so what are you waiting for? hip hop group tag team to help you plan dessert? ♪ french vanilla! rocky road! ♪ ♪ chocolate, peanut butter, cookie dough! ♪ ♪ scoop! there it is! ♪ scoop! there it is! ♪ scoop! there it is! ♪ scoop! there it is! scoop! ♪ ♪ shaka-laka! shaka-laka! ♪ shaka-laka! shaka! scoop!. ♪ ♪ choco-laka! choco-laka!... geico. switch today and see all the ways you could save. ♪ sprinkles! dagen: all ey

let's bring in market watcher dennis gartman he joins us today.hearing this expression, okay, don't get worried, it is a rational bubble. it's rational because a ton of money is being chucked into stocks. so when they act like a bubble that is rational. what have you got to say about that? >> i'm going to say what lord keynes once said, the market can remain irrational far longer than you or i a can remain solvent. the corollary the market turn toed rational when you are insolvent. this is irrational. so money force fed into the system by the fed, ecb, bank of canada, et.al., bank of japan, bank of china. they are force feeding reserves into the system. when the democrats arguing in the united states for $1.9 trillion, some of that will find its way into stock prices. the public is enamored of apple. the public is enamored of gamestop. it is enamored of on high-tech. not enamored in ball bearings and steel and tires, railroad, shipping, those are the places you should be at. are we irrational as far as high-tech is concerned, i think it is. god es

dennis gartman is talking about financials, up 19% this quarter and material stocks as well.. other parts of the market are starting to move, predicated on all this spending. maria: i think you're right about the consumer spending because not just businesses have hoarded all this cash but consumers as well and that's why the savings rate has moved up. similar sentiment from cornerstone macro and nancy lazar who told us last week when the economy reopened in the third quarter, real consumer spending surge sed even though the fourth quarter was a little disappointing. she is expecting a pretty big boom in consumer spending this year. what is the story around bitcoin, seeing a major surge in recent months, now topping $37,000 on bitcoin. that's actually down from levels earlier this month which was at $40,000. i know you're not bullish on bitcoin. what do you want to say when you see such a move in bitcoin over the last year? >>s volatility of bitcoin is astonishing. in the last week at one time we were trading above 41,000, 48 hours later we were trading at 30,000. bitcoin, god

joining me now the gartman letter editor and publisher, dennis gartman, ryan payne and iht wealth managementhis, we have a pretty decent gain on the dow futures with the earnings coming out, particularly j&j. s&p futures up as well. investors are waiting and watching for a busy week in earnings, four dow components reporting this morning. microsoft, apple, facebook and tesla all hitting the tape this week. ryan, what are you watching right here, right now? >> well, i think first off we should expect more of the same. right, earnings beats, based on what analysts have predicted. i always joke analysts make for churr tellers look -- fortune tellers look good. this is q4 earnings. it's not going to be great. we're looking at earnings being down somewhere around 5%. it really comes down to better than fears i would say than better than expected when it comes to earnings this quarter. you mentioned what i think drives everything right now and that's big tech, you have microsoft, tesla, you have apple, you have facebook all reporting in the next two days. and if you think about those stocks right

joining me right now is the gartman letter editor of, dennis gartman, ryan payne and iht wealth management. thank you for being here. steven, kicking it off with you. we're looking at fractional moves this morning, dow industrials up 77 points, after the market closed lower yesterday on increased uncertainty in washington from impeachment to new policies from a democratic majority government. tell me about the worry around the unknown of new policy. what should investors know about what's to come and how it may impact their investments. >> sure. you know, i come on the shows and we talk about how to invest. we make recommendations based on logic, science, math. the reality is what's going on right now, the next 8, 10 days has nothing to do with any of that. this is all political gains and theater. there's no logic behind it. what i'm saying to my investors is if you invest right now, you invest this week, you're gambling. you might be wrong, you might be right. you're just rolling the dice. i think people should sit on the sidelines this week, ride out this show for the next eight days and

let's bring in dennis gartman market watcher extraordinaire.ts today? a healthy time to take profits after the record breaking last week? >> sure, why not. after all we've gone you there the past month 1/2 why shouldn't we have some correction. it is inevitable. it is healthy and that is exactly what's going on. i love stocks in october. i loved stocks in november. by the first and second weeks of december i thought it was wise to go to the sidelines. they continued to go higher. i think a little irrationally so but predicated upon a fiscal stimulus coming from a new democratic regime. we'll have an awful lot of deficit spending coming in. that is fueled a lot of the rally but i think we're starting to see interest rates beginning to rise with the back end of the yield curve. we're seeing inflationary expectations continue to grow. it is having, shall have for a couple weeks now a deleterious impact on stock prices. is it healthy to correct? absolutely. markets do that all the time. that is exactly what is going on right now. ashley: you say bu