Tuesday, March 20, 2018

This is not the time to buy the weakness in stocks

Dennis Gartman is predicting a "watershed" moment and says the stock market has peaked. He thinks this is a "multiyear top on the equity markets following the recent volatility and following the reversals to the downside that took place yesterday in the Dow Industrials; the Nasdaq; the S&P and the Russell 2000.”

He writes stating his bearishness, "It is time to hold cash; it is time to sell rallies; it is time not to buy weakness. We can trade other things bullishly, but equities we’ll not and as the markets rally this morning we shall watch from the sidelines."