Earlier last week, Gartman said he has “north of 80 percent in cash and short-term bond funds.”’ and warned investors not to go long on stocks. The sell-off in global markets is set to continue as a bear market takes hold ‘for a long period of time.

‘This is the start of a bear market,’ says Gartman, the founder of the closely watched Gartman Letter. ‘You stay in cash and you stay in short term bonds and you don’t move out, this is a very difficult period of time and I’m afraid – and I don’t like to think about it – but this might be the very beginnings of a bear market that could last some period of time’…

….read the full article HERE

P.S. As you can see the market has given those who want to raise cash an opportunity this last week – Money Talks Ed.

….read the full article HERE