Although the stock market rallied 3% since Dennis Gartman announced he had exiting equities, the editor of The Gartman Letter said on CNBC that he's sitting out.
"I loved stocks at one time, and I'm going to stay upon the sidelines," he said. "There's no reason, having been wrong – and let's not mince words, I was wrong getting out – I've been wrong for 3 percent."