Dennis Gartman Says Short Sellers Should ‘Run for Cover’

The stock-market rally has a couple more weeks to run, he tells CNBC

by Sara Sjolin
Market Watch

After Tuesday’s sharp stock-market reversal, investors are asking themselves one thing: Will this rally continue?

Dennis Gartman, a market observer and publisher of the Gartman Letter, says the answer is “yes”, warning traders they don’t “have any choice” but to trust the current equity spurt.

Speaking to CNBC Wednesday morning, Gartman said stocks are poised for a couple more weeks of solid price gains.

“I think we are likely to trade better, maybe not today particularly, but I bet by Friday we are higher and I bet by next week we are higher again,” he told CNBC.

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