Stocks Will Be in Bear Market Until a One-Day, 5%-6% Drop, Gartman Says
- He advises investors in shares be ‘less involved, less long’
- Reduced endowment stock exposure in February, increased gold
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Dennis Gartman says U.S. stocks are and will be in a bear market until a one-day “violent, downward movement” signals that prices have reached bottom.
“We’ll have one day when we’ll be down 5% or 6% and that’ll be the final selling pressure,” the chairman of the University of Akron Endowment told Bloomberg Radio on Monday. “That’ll end the bear market.”