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Stocks Rebound As Gartman Turns Bearish

For a second, it seemed that the broad risk-off wave that started in Asia, swept Europe and pressured US futures was here to stay. And then, the signal all algos had been waiting for emerged: Gartman just flip-flopped back to bearish. From Gartman's latest letter: STOCK PRICES ARE DOWN AND THEY ARE DOWN SHARPLY…. EVERYWHERE and it is the fact that they are down in all ten of the markets comprising our International Index that has our very real… very keen… very severe interest this morning.
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