If it's a day ending in -day, it means a Dennis Gartman flip-flop is on deck. Here is a brief reminder of his "calls" from just the last few days:
Friday, February 26: Gartman covers his shorts, turns bullish.
Submitted by Lance Roberts via RealInvestmentAdvice.com,
At the end of January, I discussed the potential for a reflexive rally in the markets and laid out three retracement levels at that time.
Submitted by David Stockman via Contra Corner blog,
Now that’s a screaming case of the pot calling the kettle black if there ever was one. Mitt Romney has lashed out at The Donald for being a “phony and fraud”, but consider this. During his 16-years at Bain Capital, fully one-fourth or $600 million of the firms cumulative $2.5 billion of profits were scalped from companies which went bankrupt soon after Mitt and his partners got out of town with the loot.
Earlier today we showed how, courtesy of massive synthetic positions where Oil ETFs are currently net long 272k lots of oil, equal to 56% of the front month open-interest in futures, the price of oil is being propped up by ETF buying, either outright or via an ongoing, relentless short squeeze.
Services economy cliff-dives and we squeeze higher again... sure why not...
Another day another huge short squeze - the last 3 days are the biggest rise in "Most Shorted" stocks since Black Monday week's bounce...