Tuesday, April 22, 2014

Dennis Gartman not scared anymore

Two and a half weeks ago I became very scared and went to neutral, no question, absolutely, I did. 

But after a good two weeks' decline, after 50 big handles in the S&P, after barely going through but holding the 100-day moving average, you have to understand: it's still a bull market. So it's back to being pleasantly long again. Last week I said it's time to be buyers of equities again generally. 

If we change again any time soon it shall be to increase our exposure to equities, rather than to decrease it.