Loading ...Gartman Says Sell Everything: “Bear Markets Are Now Fully Engaged”
Nov 9, 2016 9:20 AM
If there was one event that made us certain that Donald Trump would become the next US president, it was when none other than Dennis Gartman made a prediction on August 31: “the market is wise enough to know that Mr. Trump has no chance of becoming the next president and thus cannot and will not affect monetary and/or economic policy here in the U.S. or abroad.”
Fast forward three months to the first day under President Trump, when 24 hours after the same Dennis Gartman said he was unwinding his short hedges and going longer, he now warns his newsletter clients to sell everything and “that positions on the long side have to be reduced into any strength that may develop; that we fear that the bull markets are indeed finished and that bear markets are now full engaged.”