Tuesday, October 14, 2014

Dennis Gartman gets Defensive

From cnbc.com
"After three straight days of declines in the major stock indices, it's time to rethink long positions, Dennis Gartman said Monday.
"You should be less long than you have been, and I think you should be demonstrably less long than you have been," the editor and publisher of The Gartman Letter said on CNBC's "Fast Money."
After a triple digit gain into mid day, going into the last half hour there has been NO conviction among buyers and they take for the exits once again, even with strong oversold condition.

Bulls have not shown resilience in the face of easy money the last 5 years, FED got your back, f the savers rally.

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