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Politics : Welcome to Slider's Dugout

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From: Nihontochicken3/17/2008 5:21:10 PM
   of 50720
 
Bubblevision Report

Dennis Gartman on CNBC said that, based on today's commodities action (up big pre-market, then down big during the day), he sees significantly more downside to come. Sez he sold everything today except gold. Opined that in a bull market, there are only three positions, long, really long, and standing on the sidelines. He's gone to the sidelines for now. Sez he bought JPM today, believes it got the deal of the century in the Bear Stearns buyout. Said this has "changed his mind" re the stock market, but didn't really explain what this meant. FWIW.

NC
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