S&P 5% down. Been looking for this correction for a while.

S&P Index finally gets a 5% correction. I raised cash back in October and I finally can buy some good stocks back today at lower prices than the levels at which I sold them. Nibbling here.

Dennis Gartman spews more useless information

Dennis Gartman, who’s almost always wrong, says you should “go to the sidelines” when it comes to stocks.

What does “go to the sidelines” mean? If you have an investment portfolio, does “go to the sidelines” mean, liquidate your stocks and stay in cash?

Does it mean just sit there and do nothing? Hold your stocks, just don’t buy? And if so, does that mean the market will just mark time here?

Does “go to the sidelines” mean that stocks are going down and if so, then why doesn’t he just say, “sell?”

He says go to the sidelines because it’s another wimpy, gutless way of saying, “I don’t know what’s going to happen.” He’s pretending to make a call, without making a call.

No guts, no glory.

Go to the sidelines = useless information