A rogue trader scenario isn't what happened in the JPMorgan (JPM) mess, observes Dennis Gartman....

|About: JPMorgan Chase & Co. (JPM)|By:, SA News Editor

A rogue trader scenario isn't what happened in the JPMorgan (JPM) mess, observes Dennis Gartman. It seems more likely the result of a failed hedging strategy. The problems are going to get worse too, Gartman says. "I operate under the old rule that there is never just one cockroach; when ill news comes out there is usually more ill news to follow.”