This page has been archived and commenting is disabled.
"Scared" Gartman Bottom Ticks Market With Uncanny Precision...
Again  Tyler Durden's picture   Yesterday, when we commented on
the bloodbath going on in the hedge fund space, someone asked if
a hedge fund mauling is an indication of a market bottom. We
replied no, and clarified as follows: "The bottom tick sign, if
any, is that Gartman just went mega bearish..."  Yup: the
infamous, and infallible, Gartman contrarian indicator had just
struck again.  Ironically it was merely days earlier on April 1,
when Gartman collected his daily $200 CNBC appearance fee,
saying that "experience tells him to stay bullish on stocks",
and that it's foolhardy to fret about the fundamentals of the
economy adding that "Here, write this down: The stock market
will stop when it stops, and not a moment before. It's moving
from the lower left to the upper right," Gartman said. "Enjoy
the ride!"  Fast forward to Monday when we got the following
pearl:  In a reversal of his more