Profile image
By silveristhenew (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

Gartman: “We Find Ourselves Turning A Good Deal More Bearish On US Equities”

Monday, October 17, 2016 9:30
% of readers think this story is Fact. Add your two cents. / by Tyler Durden / Oct 17, 2016 8:50 AM

Just when you thought it was safe to dip on the short side, here comes Gartman (and sadly we no longer recall if he was bullish or bearish last, at this point it is a daily blur based on what the S&P did in the handful of minutes just prior to the latest Gartman letter is released to the pulic)…

 We find ourselves turning a bit more bearish of equities in global terms and quite a good deal more bearish of equities here in the US, for a number of reasons.

Firstly, we continue to look upon the peak in margin usage which was forged back in mid-’15 as evidence that a peak has been made, for margin usage tends to “top out” a year or more ahead of the equity market itself.

Secondly, we are more and more dismayed by the manner in which even the slightest “miss” regarding earnings manifests itself in sharply weaker share prices, and nowhere was that more evident than in the collapse of Alcoa’s price last week when earnings missed by only a few cents/share and yet share prices were down nearly 15%.


The post Gartman: “We Find Ourselves Turning A Good Deal More Bearish On US Equities” appeared first on Silver For The People.


We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Top Global


Top Alternative




Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.