The high-yield meltdown has one widely known investor spooked.
“You don’t know how much worse it could be, maybe this goes away in the course of a week, but as I like to say there’s never just one cockroach,” Dennis Gartman of The Gartman Letter told the CNBC “Fast Money” traders on Monday. “Get out of stocks.”
Historically, major recessions including 2008, were preceded by downturns in the high-yield market, but Gartman maintains that we are still in a bull market environment.
