GO
Loading...

Gartman Still Likes Stocks vs. Bonds

Monday, 28 Jan 2013 | 5:43 PM ET
Gartman: Why I'm STILL Bullish on Stocks
Dennis Gartman, editor of The Gartman Letter, says he's likely to buy more S&P 500 stocks and sell more 10-year notes.

Dennis Gartman, editor of The Gartman Letter, said Monday that he's likely to buy more S&P 500 stocks and sell more 10-year notes.

"Two percent was an interesting number today. We peaked up above there, came back underneath it. My guess, though, is that we're going to go back through 2 percent," he said. "Money's coming out of bonds, and it's going to do it for a long period of time."

On "Fast Money," Gartman said that the question facing investors should be: "Do I buy more stocks? Do I sell more bonds?"

Gartman said he was likely going to go that route.

"I'm probably going to buy more stocks, buy more S&Ps and sell more of the 10-year note futures because that's what the trend is," he said. "That's what the market's doing, and I think that's going to continue for some while."

Gartman demurred stock picks, although he signaled liking shipping, railroads and steel.

"They have been boring. I'm a boring stock trader. So I'd rather say I'm bullish on stocks generally," he said. "I'm bullish of the S&P generally. That's the easiest way for me to effect the trade."

  Price   Change %Change
S&P 500
---

Featured

Contact Fast Money

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET
  • Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”

  • Scott Wapner is host of the "Fast Money Halftime Report," which airs weekdays from 12 p.m. to 1 p.m. ET.

  • Guy Adami is a contributor on CNBC's "Fast Money." He also is managing director of stockMONSTER.com.

  • Najarian, the "Pit Boss," is cofounder of optionMONSTER.com, a news site for options traders.

  • Finerman is president of Metropolitan Capital Advisors, Inc., a company she co-founded.

  • Founder of EmergingMoney.com

  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

Halftime Report