After two days of calling for a bear market with the market ripping at his "retirement portfolio" as prorfiled on Tuesday in "Why The Market Is Poised For A Rebound: Gartman Says "Bear Market" Will Take S&P To 1420-1550 [3]" where he said:
There are still many who deny that this is a bear market, but it is that and we fear that it has a good distance to the downside yet to travel. Merely to get to “The Box” shall take the S&P to 1420-1550! Rallies are to be sold; weakness is not to be bought.
... and again yesterday as explained in "Stocks Explode Higher As Gartman Doubles Down On Bear Market Call [4]"
Essentially repeating what we said here yesterday, there are still many who deny that this is a bear market, we fear that it has a good distance to the downside yet to travel. Merely to get to “The Box” shall take the S&P to 1420? 1550! Rallies are to be sold
... the same day the S&P recorded its 8th best rally in 2015, everyone's favorite newsletter writer may have just topped the latest dead-cat bounce. From his overnight letter:
the fact that our International Index has rallied 2% from its lows and now has rallied for two days in a row has our interest and does give us reason to pause in our bearish perspective.
So, if the 10 Year breaks below 2% today and stocks resume their slide, thank Dennis.
