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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Cogito Ergo Sum who wrote (10879)	12/15/2008 1:17:17 AM
From: Challo Jeregy	Read Replies (1) of 33421

Gartman doesn't marry a position either - his thoughts on Friday - Gartman tells us he likes Friday’s market action. The Dow’s [.DJIA 8629.68 64.59 (+0.75%) ] move might be relatively small, but good things come in small packages. “I’m taking solace that this could have been one of the worst days ever in the capital markets but we traded higher.” (In other words, the market is taking some bad news pretty well.) “I’ve come away thinking the capital markets and commodity markets have held together well.” “I’m glad to see volatility coming out of the market,” adds Gartman. “My propensity is to increase the size of my positions. If and when the VIX comes back down to the teens I think health will be restored to the market.” Gartman says, “own infrastructure and the things that if you drop them on your foot they hurt. And at the same time I might short the rest of the market.” cnbc.com

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