Friday, October 24, 2014

Dennis Gartman says he missed a "V bottom"

This is the type of volatility that is absolutely beyond my ken. Quite honestly, I have not seen anything like this in the last 2 weeks. 

In retrospect, one should have thrown all caution to the wind, covered any short positions, and spent cash and bought stocks. When I went to neutral 2 weeks ago, the stock market is still below than when I went neutral. Clearly, in retrospect, I should have bought it. I'm not that smart, nor should I ever be. Clearly, I missed the V-bottom. And I'm going to be okay with that fact. Even if it rallies a little bit, its still below where I went to neutral and I'm going to stay that way.