Stock Market Signals-and what to do about them

I don't like stocks now,said Dennis Gartman,editor of the well-known newsletter "The Gartman Letter."I wouldn't be surprised to see 10% to the downside.After triple digit moves four out of five days,I'm on the sidelines and glad to be there.
I want to own bonds and gold.It'll be price action that brings me back in.For a while,it's a risk off environment.
What really bothers me is,the bond market is doing really well.It's up,telling you that risk is being taken off the table.The bond market is the smartest of the markets,and it's going up.The worst of the liquidation of gold may have passed.I'm holding gold in yens,and may add some in euros.
Christian Thwaites,President and CEO of Sentinel Asset Management does like some stocks.Large cap equities are still very low-priced and an attractive value,such as General Dynamics,Caterpillar,Church and Dwight.He also likes Ritchie Brothers Auctioneers.
Thomas Lee,Managing Director and US Equity Strategist at JP Morgan,said we still think we're in a secular bull market.We got a caution signal the week before last,but this is a tactical,short term call.Hedge funds are basically all in.We want to be dip buyers in areas such as materials,industrials and consumer discretionary.
General Dynamics(GD),Caterpillar(CAT),Church and Dwight(CHD),Ritchie Brothers Auctioneers(RBA)

What Bothers Dennis Gartman

Money manager Dennis Gartman,founder and editor of The Gartman Letter,a leading financial website,says the stock market is telling you the recession is ending.Oil is up because of the weak dollar.If you start to get up to 80-85 dollars a barrel,you start to bring new technologies into play.New methods become profitable.
The Federal Reserve can be destroyed by congressional edict,Mr.Gartman observed.You have a left-leaning administration that will not tolerate rising interest rates.
Hedge fund misbehavior is probably widespread,in Mr.Gartman's view.This insider trading bothers him.I am a hedge fund manager,he said.We match wits with what the market's doing.This is sad,not a good thing for our business.
I got hurt in 19 October,1987,Mr.Gartman recalled.You had a stock market that had been going down for four months.My strategy was dead-spot on,but it just didn't work.Each time,the market is completely different,Mr.Gartman explained.
The Gartman Letter is accessible to subscribers only.Dennis Gartman is a frequent guest on business television,however.