Reader TTS

Dennis Gartman Adam Jeffery | CNBC Dennis Gartman is back to buying stocks and is "pleasantly long" on the market after bailing out in early April. Read More"I'm back to

being pleasantly long," said Gartman Monday, on "Fast Money." "Two-and-a-half weeks ago, I became very scared and went to neutral...No question about that. Last week, I

went back to being pleasantly long. I may even get to being aggressively long. The market wants to go higher." Gartman, publisher of the "Gartman Letter" said on "Fast

Money" April 10 that market action on the morning of April 4 scared him out of the market. "I'm not sure what happened, but something happened between 11 and 11:15, that

everything turned on a dime," he said at the time. (_Watch this_: Gartman: Staying on sidelines for now) At that point, Gartman said cash might be the safest place to be for a month or

two, but he changed his view last week. Read MoreGartman: Avoid stocks for a month or two "After a good two-week decline, after 50 big handles in the after going down and touching and

barely going through and holding the 100-day moving average, you have to understand it's still a bull market," Gartman said. High-flying momentum names in biotech, Internet and

social media sectors had led the selling. Read MoreValue stocks could stay in vogue as momentum fades "I only own very simple things. I own aluminum and coal," he said. Gartman

said he wants to "own the things if I drop them on my foot, they hurt." _—__By CNBC's Patti Domm_