'Scared' Dennis Gartman: Get Out of Stocks

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In a reversal of his more bullish take on U.S. equities in recent weeks, Dennis Gartman said Monday that he's getting out of equities and sticking with cash and gold to ride out the recent pullback, which he called a "long-awaited and much-needed correction."

On CNBC's "Fast Money", the editor of the Gartman Letter said simply, "I got scared."

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