Thursday, June 27, 2013

Dennis Gartman: Stocks bottomed for now

For the first time since February I actually stepped up to buy Stock indices. As Iv said in my newsletter Iv been agnostic on stock markets. Yesterday's lows better hold, and I think that they probably shall," he said. "I was really quite impressed by the ability of the stock market to accept a uniquely bad GDP report, second revision of a report that was due six months ago, and it took it very well."

It looks like a bottom. The trend has been from the lower left to the upper right. I own stocks first time in a long time. It's the bottom for this run, and it should hold," he added. If the bottom doesn't hold, I'll go to the sidelines.