Gartman: "This Is Now A Bear Market"

The recent whiplash in the market has wreaked havoc on both momentum and trend-following following strategies, and traders, among which none is more iconic, or vocal, than Dennis Gartman. That said, the “world-renowned commodity guru” is even better known for calling contrarian inflection points, having been stopped out at a loss on 80% of his recent “recos.”

As such we have some bad news for the bears: after a somewhat bullish transition phase in which