Yes, we know the real reason why stocks are suddenly soaring is that global economic growth is once again tumbling...
[5]
... so much that the Bank of China is now actively contemplating [6]joining its western peers in flooding the world with a few extra trillion in liquidity, the very reason why there is no growth to begin with, but still, this is just too good to pass by, and follows directly on the heels of Stocks Slide As Gartman Goes "Long Of One Unit Of The US Equity Market [7]." To wit, just out from Dennis Gartman:
At the moment then, we are reticent about owning equities...
This after Gartman got stopped out of his "one unit of the US equity market" recommendation from Thursday. So what is Gartman long?
We are still long a bit of Apple...
Yep, the only stock that is down today, after it was revealed that iOs would automatically buy 1 stock of AAPL the moment it was downloaded or something [8].
Incidentally, earlier when the "market" was trading around the flatline, we commented:
Market unsure what Gartman is doing right now
— zerohedge (@zerohedge) September 24, 2014 [9]
Judging by the relentless buying action since this tweet, Gartman's position has since been widely disseminated.
