Thursday, February 28, 2013

correction of 7 percent

I just don't like them(stocks) now," he added. "Cash is not such a bad thing to hold."

Gartman reiterated that stocks could be headed for a 7 percent decline from their highs.

When I watch something move 2, 3 percent against me, I get concerned," he said. "I'm on the sidelines and happy to be there.