Soros, Druckenmiller, Icahn, Goldman, Deutsche, and now… Dennis Gartman.
From the latest letter by the “world-renowned” commodity expert who at last check was “pleasantly long.”
We begin then by noting that the CNN Fear & Greed Index is still above 80 in openly “greedy” and thus openly over-extended-to-the-upside territory. Some might call this “nose-bleed” territory and we shall strongly… indeed very strongly…suggest that buying equities here shall be in the end an ill-advised investment philosophy or action.