gartman says...
"...aggregiously bearish (on CNBC). on crude oil. I think crude oil wants to go down quite a long distance."
"Crude oil closed right on its lows, bearish all day long & the mkts closed better than anybody expected.
Front months losing relative to the back months. I think that is going to continue. Whenever you see front months of a futures contract lead on the way down that's telling you that mkt is headed lower."
Gartman is long stocks & short crude oil.
carlos