Posted on 09/02/2015 7:05:25 AM PDT by blam
Tyler Durden
09/02/2015
If there is one thing more or less guaranteed to create a bullish scenario for stocks, it is the sudden flip-flop of world-renowned newsletter writer Dennis Gartman once again to a short-of-stocks position. Worse still, his fellow newsletter writers, according to AAII, have not been this 'unbullish' since the trough in March 2009. Of course, what many are missing this morning isd 120 points of The Dow's gains are due to the panic-intervention by The BoJ at last night's Japan open...
Gartman: "Full-fledged bear market"... Long of tanker stocks, derivatives-hedged to a short overall equity position...
(snip)
(Excerpt) Read more at zerohedge.com ...
Reading the comments on the zero hedge about Gartman, most people realize he is a joke. Sounds like he’s listening to his own whistle in the graveyard.
Stocks did a quick buy-in this morning, but going down again as computerized systems drive the market.
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