A Warning For Bears: Gartman No Longer "Aggressively Bullish", Is "Forced To The Sidelines"

Tyler Durden's picture

Following the recent swoon lower in the market (just as predicted last Thursday in the latest forecast by JPM's head quant Kolanovic and as we reported in "JPM Head Quant Is Back: The Rally Drivers Are Gone With "Downside Risk" Ahead"), bears may think they have the upper hand.

They may want to think again.

Here's Gartman with what may be the clearest sign the recent weakness if due for a pause.

We end this morning with this severe warning: We fear we have missed the top of the market. We fear we have been bullish over the course of the past several weeksindeed rather aggressively soand did not pay sufficient heed to the warning signs of lesser volume, the peak in the CNN Fear & Greed Index, the manifest breaking of trend lines and the warnings of others that something was  amiss. But above all, we fear we have missed the warning that the commodity market were shouting at us. All of that forces us to the sidelines; all of that mandates that at best we are to be neutral of equities at this point; all of that is to be taken, very, very seriously. We are not wise enough to say that a bear market is now upon us, and indeed we are wise enough NOT to say that but discretion is the far better part of valor and the safety of the sidelines after several weeks of real bullishness on our part is to be sought.

You have been warned.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
buzzsaw99's picture

i don't see how that guy has any aum left

coinhead's picture
coinhead (not verified) buzzsaw99 Nov 13, 2015 9:32 AM

Teh we is mildly bearish on everything in Bitcoin terms.

https://localbitcoins.com

Crocodile's picture

People here are friendlier to the Christian than the BitCoin peddlers; praise God!

coinhead's picture
coinhead (not verified) Crocodile Nov 13, 2015 10:38 AM

Look.  Stop junking teh we you goddamn douchetards!  If someone comes fulled brim with Satoshi honour (and carrying flowers) and you dishonour teh we is direct assinsult to Satoshi!

dead hobo's picture

A broken clock is right twice a day. Maybe someday he'll get that good.

NoVa's picture

maybe this is his Andy Warhol time - maybe ~

 

Bendromeda Strain's picture

Gartman's clock has gone all Dali on him...

aurum4040's picture

If I had 100+ acres of land, Id be taking delivery of WTI futures contracts hand over fist. Id gladly exchange worthless FRNs for an insane amount of crude barrells at $40 a pop. Sheer lunacy.

Kprime's picture

not if you keep manually rolling the hands around

Dr. Engali's picture

This guy confuses me more than my teenage daughter's texting language.    

 

BandGap's picture

Looks like he dropped a load in his pants and then sat down.

Crocodile's picture

It is meant to confuse because it is sexting.

RockyRacoon's picture

He was obviously taught at the Federal Reserve Chairman School for Verbal Communication.  I recall Greenspan being one of the famed alumni.  Say as many words as you can while obfuscating furiously.

 

yogibear's picture

Stay on the sidelines. That's good.  So 50% chance either way.

toady's picture

"Forced" to the sidelines... is it time for the voluntary vs involuntary reaction argument again? 

Bunga Bunga's picture

Sooo much money on the sidelines. That's bullish according to CNBS.

EddieLomax's picture

Time to buy everything then!

Although, of course ready to sell everything when he flips in a weeks time...

Kprime's picture

I am buying everything and selling equal amounts of everything else.  It's a new form of derivative trading.  Plus I am doing it so fast no one even sees the trades.  It's a new form of HFT.  I am combining the zero value invisible trades  It's like ZBHFDT (zero balance high freq derivative trading).  I call it singularity trading.

Crocodile's picture

We call it "the new FED normal".

Normalcy Bias's picture

<<< Next week, Gartman is BULLISH

<<< Next week, Gartman is BEARISH

Viffer's picture

<<< BULLISHLY BEARISH

<<< BEARISHLY BULLISH

 

We could go on all day and with Gartman they are all logical answers ....

Wahooo's picture

Buy retail signal.

DC Beastie Boy's picture

Gartman is contrarian indicator correct?

Whichever the case I've been ultra short the past six weeks with my last few $k in the market.

Baronneke's picture

Please let Dennis Fartman stay at the sidelines and let him shut up forever.   A chimp can predict the markets better.

FrankieGoesToHollywood's picture

That not correct logic.  Gartman can predict the market direct reliably. Unfortunatly, his polarity is wrong.

Crocodile's picture

https://www.youtube.com/watch?v=mmi96F6Sfmk  FARTMAN - the last two are either real funny and/or real disgusting.  (Start at 1:25) Lord forgive me.

theeseer's picture

He makes money on fees and doesn't give a crap as long as his sheep stay loyal.

Aliblahblah's picture

Not only is it his reactionary trading style that catches him flat footed the wrong way time after time, but perhaps even more grating to sensibility is his arcane puffed up use of the English language e.g. the royal “we” ,  “manifest breaking of trend lines” “we did not pay sufficient heed’ etc etc. Why doesn’t he just say in plain English, “I ignored every technical signal in the market staring me in the face if I bothered to look but I didn’t. I am just an old fool.  In truth I should not have any clients as I don’t know what the fuck I am doing.”

 

FreeNewEnergy's picture

Dennis, your overuse of the royal "we" has US concerned, so,

WE are agressively plugging your mouth and anus with bullish cocks and dildos in Greek and French terms, and you, all of you, your multiple yous, are loving it in LGVBQ homosexual, white-guilt, University of Missouri terms.

Crocodile's picture

Time to get those longs; Gatrman has spoken.

CarpetShag's picture

In UK vernacular: a right prick.

Arthur Schopenhauer's picture

Conservatives, doin' what they does best, which is conservin' their wealth.

loveyajimbo's picture

Tyler seems to really despise this clown... did GartFart rape his poodle?

Urban Roman's picture

Tyler does not despise him, Tyler likes to have a reliable indicator.

Not if_ But When's picture

This reminds me to once again post how well my namtraG Fund is performing.  (Now closed to new investors)

Amish Hacker's picture

So, just to be clear, we were aggressively long when we should have been pleasantly short, and now we are not wise enough to say, at this juncture, if we can pluck this flower, safety, from this nettle, danger.

Good thing I'm gambling with other people's money.

Colonel Klink's picture

I can't find my ass with both hands and a map.

-Dennis Gartman

Vlad the Inhaler's picture

I think Gartman's role on TV is to make the masses feel better about their failed trades.

Reichstag Fire Dept.'s picture

I'm starting a an ETF to trade Dennis Gartman & Jim Cramer market predictions!

IPO at Cdn$100.oo/share...now, who wants Warrants?!

My biggest problem?

What do I call this new market behemoth??!

smoke em if you got em's picture

... and as we seek the sidelines we profusely ponder the proper side of the sidelines to stand.... should we stand on this side or shall we stand on that side ... ergo we must surely stand so stand we will.

 

DG